Saab (OTCMKTS:SAABY) Sets New 12-Month High – Here’s What Happened
by Jessica Moore · The Cerbat GemShares of Saab AB – Unsponsored ADR (OTCMKTS:SAABY – Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.37 and last traded at $40.37, with a volume of 15992 shares traded. The stock had previously closed at $39.38.
Saab Stock Up 2.8%
The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.83 and a current ratio of 1.33. The stock has a fifty day moving average price of $30.18 and a 200-day moving average price of $28.46. The firm has a market cap of $43.32 billion, a PE ratio of 65.80 and a beta of -0.19.
Saab (OTCMKTS:SAABY – Get Free Report) last issued its earnings results on Friday, October 24th. The company reported $0.09 EPS for the quarter. Saab had a net margin of 7.17% and a return on equity of 13.23%. 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.