Saab (OTCMKTS:SAABY) Trading Up 6% - Time to Buy?

Key Points

• Saab shares surged 6% during mid-day trading, reaching a high of $27.00, while volume dropped significantly by 87% compared to its average daily volume.
• Analysts have mixed ratings on Saab, with one Strong Buy, one Hold, and two Sell ratings, leading to an average rating of "Hold".
• The company operates in the military defense and civil security markets, showcasing its commitment to developing advanced military aviation technology.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) shares were up 6% during mid-day trading on Wednesday . The stock traded as high as $27.00 and last traded at $27.00. Approximately 19,515 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 155,458 shares. The stock had previously closed at $25.48.

Analysts Set New Price Targets

Several equities analysts have issued reports on SAABY shares. Pareto Securities upgraded Saab to a "hold" rating in a research note on Monday, July 21st. Barclays upgraded Saab to a "strong sell" rating in a research note on Monday, September 8th. Finally, Citigroup lowered Saab from a "strong-buy" rating to a "strong sell" rating in a research note on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Saab Trading Up 3.2%

The stock has a 50-day moving average of $27.95 and a 200 day moving average of $25.78. The stock has a market cap of $28.15 billion, a PE ratio of 43.11 and a beta of -0.02. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 0.20.

About Saab

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.

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