Saab (OTCMKTS:SAABY) Shares Gap Up – Time to Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares gapped up before the market opened on Thursday . The stock had previously closed at $26.61, but opened at $28.63. Saab shares last traded at $28.88, with a volume of 7,106 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SAABY shares. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Saab currently has a consensus rating of “Hold”.

Saab Stock Performance

The firm has a market capitalization of $31.28 billion, a PE ratio of 37.46 and a beta of -0.09. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $28.06 and a 200 day moving average of $32.23.

Saab (OTCMKTS:SAABY) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $2.10 billion for the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.

About Saab

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.