Safran (OTCMKTS:SAFRY) Stock Price Up 10.1% – Here’s Why

Safran SA (OTCMKTS:SAFRY)’s share price shot up 10.1% during mid-day trading on Wednesday . The stock traded as high as $92.48 and last traded at $91.4450. 135,717 shares were traded during mid-day trading, a decline of 48% from the average session volume of 260,101 shares. The stock had previously closed at $83.06.

Wall Street Analyst Weigh In

SAFRY has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Zacks Research downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Citigroup reissued a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Safran Price Performance

The stock’s 50-day moving average is $90.63 and its two-hundred day moving average is $89.02. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

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.