Safran (OTCMKTS:SAFRY) Sets New 52-Week High - Time to Buy?

Safran SA (OTCMKTS:SAFRY - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $74.75 and last traded at $74.71, with a volume of 161476 shares trading hands. The stock had previously closed at $72.60.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a research report on Thursday, May 22nd. Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Safran has a consensus rating of "Buy".

Safran Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $66.24 and a two-hundred day simple moving average of $62.55.

Safran Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, May 29th will be given a $0.6108 dividend. This is an increase from Safran's previous dividend of $0.59. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a yield of 0.82%.

Safran Company Profile

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.