Saab (OTCMKTS:SAABY) Shares Gap Down – Should You Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $33.99, but opened at $32.78. Saab shares last traded at $33.98, with a volume of 7,795 shares traded.

Saab Stock Performance

The stock has a market cap of $36.24 billion, a P/E ratio of 45.75 and a beta of -0.15. The company has a current ratio of 1.30, a quick ratio of 0.90 and a debt-to-equity ratio of 0.29. The company’s 50-day simple moving average is $36.84 and its 200 day simple moving average is $31.16.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.25 EPS for the quarter. Saab had a return on equity of 15.73% and a net margin of 7.99%.The business had revenue of $2.94 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.