Saab (OTCMKTS:SAABY) Upgraded by Barclays to Strong Sell Rating

Saab (OTCMKTS:SAABY) was upgraded by equities research analysts at Barclays to a “strong sell” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

SAABY has been the topic of several other reports. Pareto Securities upgraded shares of Saab to a “hold” rating in a research report on Monday, July 21st. Citigroup downgraded shares of Saab from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Saab Stock Performance

OTCMKTS SAABY traded up $0.39 on Monday, hitting $27.52. 537 shares of the company’s stock traded hands, compared to its average volume of 167,617. The firm’s 50-day moving average price is $26.89 and its two-hundred day moving average price is $23.72. Saab has a 1-year low of $9.68 and a 1-year high of $28.99. The firm has a market capitalization of $29.46 billion and a PE ratio of 45.12. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20.

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

About Saab

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.