Saab (OTCMKTS:SAABY) Stock Price Down 4% – Should You Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s stock price was down 4% during trading on Thursday . The company traded as low as $37.91 and last traded at $38.17. Approximately 89,803 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 323,384 shares. The stock had previously closed at $39.75.

Saab Stock Up 4.7%

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.33 and a quick ratio of 0.83. The firm’s fifty day moving average price is $29.96 and its two-hundred day moving average price is $28.33. The stock has a market cap of $42.92 billion, a price-to-earnings ratio of 65.19 and a beta of -0.19.

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

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.