Safran (OTCMKTS:SAFRY) Share Price Passes Above 50 Day Moving Average - Here's Why

Key Points

• Safran's stock price recently surpassed its 50-day moving average of $85.20, reaching a high of $88.60 during trading.
• Analysts are divided on the stock, with Sanford C. Bernstein upgrading it to a strong-buy rating, while Zacks Research downgraded it to a hold.
• The company maintains a debt-to-equity ratio of 0.20 and operates in aerospace and defense sectors, covering propulsion systems, aircraft equipment, and maintenance services.

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $85.20 and traded as high as $88.60. Safran shares last traded at $88.30, with a volume of 129,671 shares.

Analyst Upgrades and Downgrades

SAFRY has been the subject of a number of analyst reports. Sanford C. Bernstein raised Safran from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Barclays reaffirmed an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. The Goldman Sachs Group initiated coverage on Safran in a research report on Friday, September 19th. They issued a "buy" rating for the company. Finally, Zacks Research cut Safran from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Safran currently has a consensus rating of "Moderate Buy".

Safran Stock Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66. The business has a 50 day moving average price of $85.20 and a 200 day moving average price of $77.58.

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.

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