Saab (OTCMKTS:SAABY) Shares Gap Up – Still a Buy?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $27.75, but opened at $28.5750. Saab shares last traded at $28.7103, with a volume of 30,195 shares.

Analysts Set New Price Targets

Separately, Barclays upgraded Saab to a “strong sell” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Saab Price Performance

The stock has a market capitalization of $31.05 billion, a P/E ratio of 47.15 and a beta of -0.18. The firm has a 50-day moving average price of $26.53 and a 200 day moving average price of $26.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.33.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings data on Friday, October 24th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $1.67 billion during the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%.

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.