Safran (OTCMKTS:SAFRY) Share Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Safran SA (OTCMKTS:SAFRY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $88.24 and traded as low as $86.71. Safran shares last traded at $88.46, with a volume of 220,305 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on SAFRY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research note on Thursday, April 9th. Citigroup restated a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. Jefferies Financial Group downgraded Safran from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Wells Fargo & Company upgraded Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, BNP Paribas Exane started coverage on Safran in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Safran Stock Up 0.6%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93. The firm has a 50-day moving average of $83.96 and a two-hundred day moving average of $88.24.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.