Saab AB (OTCMKTS:SAABY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.13 and last traded at $22.05, with a volume of 612379 shares trading hands. The stock had previously closed at $21.59.
Analyst Upgrades and Downgrades
Separately, UBS Group raised shares of Saab from a "hold" rating to a "strong-buy" rating in a report on Monday, March 24th.
Get Our Latest Stock Report on SAABY
Saab Stock Performance
The firm has a market capitalization of $24.54 billion, a PE ratio of 63.68 and a beta of -0.03. The company has a fifty day simple moving average of $17.88.
Saab Announces Dividend
The business also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be given a dividend of $0.0493 per share. The ex-dividend date of this dividend is Monday, April 14th. Saab's dividend payout ratio is currently 16.67%.
About Saab
(
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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.
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