Safran (OTCMKTS:SAFRY) Shares Gap Down – What’s Next?

Safran SA (OTCMKTS:SAFRY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $84.51, but opened at $75.78. Safran shares last traded at $75.78, with a volume of 5,056 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Safran in a research note on Monday. Citigroup restated a “neutral” rating on shares of Safran in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Wednesday, July 29th. DZ Bank lowered Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Safran Trading Up 1.1%

The firm’s fifty day moving average price is $93.83 and its 200-day moving average price is $92.01. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.19.

Safran Company Profile

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.