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

Saab AB (publ) (OTCMKTS:SAABF) shares shot up 1% during mid-day 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 Upgrades and Downgrades

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) Trading Up 1.0 %

The firm has a 50-day moving average of $22.52 and a 200-day moving average of $22.16.

Saab AB (publ) (OTCMKTS:SAABF) last posted its quarterly earnings results on Friday, February 7th. The company reported $0.25 earnings per share (EPS) 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.