Safran (OTCMKTS:SAFRY) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Safran's stock price recently surpassed its fifty-day moving average of $83.46, reaching a high of $86.31 before closing at $85.60.
• Wall Street analysts are divided, with Citigroup downgrading the stock to "hold" while Goldman Sachs initiated coverage with a "buy" rating, resulting in a consensus rating of "Buy" among analysts.
• The company operates within the aerospace and defense sectors and has strong financial metrics, including a debt-to-equity ratio of 0.38 and a quick ratio of 0.59.

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $83.46 and traded as high as $86.31. Safran shares last traded at $85.60, with a volume of 158,307 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Citigroup downgraded Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. The Goldman Sachs Group began coverage on Safran in a report on Friday, September 19th. They set a "buy" rating on the stock. Barclays reiterated an "overweight" rating on shares of Safran in a report on Wednesday, June 25th. Finally, Sanford C. Bernstein upgraded Safran from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy".

Safran Stock Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.59 and a current ratio of 0.84. The stock's 50 day simple moving average is $83.46 and its two-hundred day simple moving average is $74.92.

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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