Saab (OTCMKTS:SAABY) Hits New 52-Week High – What’s Next?

Saab AB (OTCMKTS:SAABY) reached a new 52-week high on Thursday . The company traded as high as $21.13 and last traded at $20.87, with a volume of 193556 shares. The stock had previously closed at $19.52.

Wall Street Analysts Forecast Growth

Separately, UBS Group upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th.

Saab Price Performance

The company has a fifty day moving average of $15.20. The company has a market cap of $22.34 billion, a PE ratio of 94.86 and a beta of 0.12.

Saab Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, April 14th will be given a $0.0493 dividend. The ex-dividend date of this dividend is Monday, April 14th. Saab’s dividend payout ratio is presently 27.27%.

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.