Saab AB (publ) (OTCMKTS:SAABF) Trading Up 6.1% – Time to Buy?

Saab AB (publ) (OTCMKTS:SAABF) shot up 6.1% during mid-day trading on Tuesday . The company traded as high as $81.11 and last traded at $80.5996. 3,321 shares were traded during trading, a decline of 35% from the average session volume of 5,085 shares. The stock had previously closed at $76.00.

Saab AB (publ) Stock Up 6.1%

The company’s fifty day simple moving average is $58.49 and its two-hundred day simple moving average is $56.23.

About Saab AB (publ)

Saab AB (publ) is a Sweden-based aerospace and defense company specializing in the design, development and manufacture of military and civil security solutions. With roots dating back to its founding in 1937 as Svenska Aeroplan Aktiebolaget, Saab has evolved into a multi-domain supplier offering advanced systems for air, land, sea and cyber environments. The company’s portfolio spans fighter aircraft, sensors, command and control systems, training services and integrated mission solutions.

In the aerospace segment, Saab is best known for its Gripen family of multi-role combat aircraft, which combines advanced avionics, modular architecture and cost-effective support.