Safran (OTCMKTS:SAFRY) Stock Price Crosses Above 200 Day Moving Average on Analyst Downgrade

Safran SA (OTCMKTS:SAFRY)’s stock price passed above its two hundred day moving average during trading on Friday after Citigroup upgraded the stock to a hold rating. The stock has a two hundred day moving average of $90.53 and traded as high as $103.66. Safran shares last traded at $103.03, with a volume of 98,078 shares traded.

Several other brokerages have also weighed in on SAFRY. Jefferies Financial Group lowered Safran from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Thursday, April 9th. BNP Paribas Exane initiated coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company upgraded Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Safran presently has a consensus rating of “Moderate Buy”.

Safran Price Performance

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 business’s 50-day simple moving average is $94.46 and its 200-day simple moving average is $90.53.

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.