Safran (OTCMKTS:SAFRY) Sets New 52-Week High - Here's What Happened

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s share price hit a new 52-week high on Wednesday . The company traded as high as $83.50 and last traded at $83.39, with a volume of 235113 shares trading hands. The stock had previously closed at $81.17.

Analyst Ratings Changes

SAFRY has been the topic of a number of research reports. Barclays reaffirmed an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Kepler Capital Markets raised shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Finally, Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Safran Stock Performance

The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock's 50 day simple moving average is $77.43 and its two-hundred day simple moving average is $68.86.

Safran Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, May 29th were paid a $0.6108 dividend. This represents a yield of 0.82%. This is a positive change from Safran's previous dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 28th.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.