Saab AB (OTCMKTS:SAABF) shares traded down 2.8% during mid-day trading on Tuesday . The stock traded as low as $27.10 and last traded at $27.10, 200 shares were traded during trading. A decline of 69% from the average session volume of 639 shares. The stock had previously closed at $27.87.
Separately, Jefferies Financial Group raised Saab from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.
The firm has a fifty day moving average of $31.27.
Saab AB (publ) provides products, services, and solutions for the military, defense, and civil security markets worldwide. The company operates in six segments: Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums. The Aeronautics segment develops, produces, and sells air power systems and military aviation systems, as well as conducts studies on manned and unmanned aircraft systems.
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