Safran (OTCMKTS:SAFRY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Safran saw unusually high trading volume on Monday — about 286,559 shares (up ~5% from the prior session) — while the ADR fell to $78.56, down ~3.8%.
• Analyst coverage is mixed: two Strong Buy, three Buy and four Hold ratings leave an average consensus of Moderate Buy, with recent moves including Jefferies cutting to Hold and Wells Fargo raising to Strong-Buy.
• Technically the stock appears weak, trading well below its 50- and 200-day simple moving averages (~$88.18 and $88.88), though its balance sheet shows low leverage (debt-to-equity ~0.18) and tighter liquidity (current ratio 0.93, quick ratio 0.68).

Safran SA (OTCMKTS:SAFRY - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 286,559 shares were traded during trading, an increase of 5% from the previous session's volume of 272,656 shares.The stock last traded at $78.56 and had previously closed at $80.50.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SAFRY shares. BNP Paribas Exane started coverage on Safran in a report on Monday, April 13th. They set a "neutral" rating on the stock. Citigroup reissued a "neutral" rating on shares of Safran in a report on Tuesday, February 17th. Jefferies Financial Group cut Safran from a "buy" rating to a "hold" rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a report on Thursday, April 9th. Finally, Wells Fargo & Company raised Safran to a "strong-buy" rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy".

Safran Trading Down 3.8%

The company has a fifty day simple moving average of $88.18 and a 200-day simple moving average of $88.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.

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.

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