Safran (OTCMKTS:SAFRY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Safran SA (OTCMKTS:SAFRY)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $88.82 and traded as high as $89.57. Safran shares last traded at $89.40, with a volume of 153,513 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on SAFRY shares. Zacks Research cut Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Safran in a research report on Friday, October 24th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Safran Trading Up 0.5%

The company’s fifty day simple moving average is $88.82 and its two-hundred day simple moving average is $86.61. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20.

About Safran

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.