Safran (OTCMKTS:SAFRY) Shares Gap Up – Time to Buy?

Safran SA (OTCMKTS:SAFRY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $79.56, but opened at $86.83. Safran shares last traded at $87.2760, with a volume of 18,134 shares changing hands.

Analyst Ratings Changes

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

Safran Stock Down 0.8%

The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. The stock has a fifty day moving average price of $87.15 and a two-hundred day moving average price of $88.82.

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.