Safran (OTCMKTS:SAFRY) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Safran's share price has crossed above its 50-day moving average of $83.03, reaching a high of $84.56 during recent trading.
• Investment analysts have a generally positive outlook on Safran, with two analysts rating it as a Strong Buy and four others giving it a Buy or Hold rating.
• Despite the positive movements, Safran's stock recently saw a minor decline of 0.5%.

Safran SA (OTCMKTS:SAFRY - Get Free Report) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $83.03 and traded as high as $84.56. Safran shares last traded at $84.26, with a volume of 207,872 shares trading hands.

Wall Street Analyst Weigh In

SAFRY has been the subject of several recent research reports. Sanford C. Bernstein raised shares of Safran from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Barclays restated an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. The Goldman Sachs Group began coverage on shares of Safran in a research note on Friday. They set a "buy" rating for the company. Finally, Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Safran presently has a consensus rating of "Buy".

Safran Stock Performance

The business's 50-day simple moving average is $83.18 and its 200-day simple moving average is $74.59. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.38.

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.