Saab AB (publ) (OTCMKTS:SAABF) Stock Price Up 0.4% – Still a Buy?

Shares of Saab AB (publ) (OTCMKTS:SAABF) shot up 0.4% on Wednesday . The company traded as high as $72.7150 and last traded at $72.7150. 2,264 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 5,599 shares. The stock had previously closed at $72.4530.

Saab AB (publ) Trading Up 0.4%

The firm’s 50-day moving average price is $66.35 and its 200 day moving average price is $58.83.

Saab AB (publ) Company Profile

Saab AB (publ) is a Sweden-based aerospace and defense company specializing in the design, development and manufacture of military and civil security solutions. With roots dating back to its founding in 1937 as Svenska Aeroplan Aktiebolaget, Saab has evolved into a multi-domain supplier offering advanced systems for air, land, sea and cyber environments. The company’s portfolio spans fighter aircraft, sensors, command and control systems, training services and integrated mission solutions.

In the aerospace segment, Saab is best known for its Gripen family of multi-role combat aircraft, which combines advanced avionics, modular architecture and cost-effective support.