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Safran (OTCMKTS:SAFRY) Shares Cross Above 50-Day Moving Average - Time to Sell?

Safran logo with Aerospace background

Shares of Safran SA (OTCMKTS:SAFRY - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $70.47 and traded as high as $75.52. Safran shares last traded at $75.46, with a volume of 134,864 shares.

Wall Street Analyst Weigh In

Several research firms have commented on SAFRY. Citigroup downgraded shares of Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Safran has an average rating of "Moderate Buy".

Check Out Our Latest Report on SAFRY

Safran Stock Up 1.1%

The business's 50 day simple moving average is $70.47 and its 200 day simple moving average is $64.52.

Safran Increases Dividend

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

About Safran

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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