Saab AB (publ) (OTCMKTS:SAABF) Stock Price Up 1% – Here’s Why

Saab AB (publ) (OTCMKTS:SAABF)’s stock price shot up 1% during trading on Friday . The stock traded as high as $30.95 and last traded at $30.49. 4,871 shares traded hands during trading, an increase of 69% from the average session volume of 2,884 shares. The stock had previously closed at $30.20.

Analyst Ratings Changes

Separately, Citigroup upgraded Saab AB (publ) from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th.

Saab AB (publ) Stock Up 1.0 %

The business has a 50 day simple moving average of $22.52 and a 200-day simple moving average of $22.15.

Saab AB (publ) (OTCMKTS:SAABF) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.25 earnings per share for the quarter.

About Saab AB (publ)

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.