Saab (OTCMKTS:SAABY) Stock Price Down 0.2% – Time to Sell?

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) shares traded down 0.2% on Wednesday . The stock traded as low as $26.83 and last traded at $28.11. 44,813 shares were traded during trading, a decline of 54% from the average session volume of 97,130 shares. The stock had previously closed at $28.18.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Pareto Securities raised shares of Saab to a “hold” rating in a research note on Monday, July 21st. Citigroup downgraded shares of Saab from a “strong-buy” rating to a “strong sell” rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

Saab Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.84. The stock’s 50-day simple moving average is $26.60 and its 200 day simple moving average is $22.64. The stock has a market capitalization of $30.09 billion, a P/E ratio of 46.08 and a beta of -0.02.

Saab (OTCMKTS:SAABY) last released its quarterly earnings data on Friday, July 18th. The company reported $0.29 EPS for the quarter. The firm had revenue of $2.05 billion during the quarter. Saab had a net margin of 7.45% and a return on equity of 13.82%.

Saab Company Profile

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.