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Safran (OTCMKTS:SAFRY) Shares Pass Above 50 Day Moving Average - What's Next?

Safran logo with Aerospace background

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SAFRY shares. Kepler Capital Markets upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Citigroup downgraded Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Barclays reiterated an "overweight" rating on shares of Safran in a research report on Wednesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Safran currently has an average rating of "Moderate Buy".

View Our Latest Research Report on SAFRY

Safran Trading Up 1.9%

The firm's 50-day moving average price is $71.48 and its 200 day moving average price is $64.85.

Safran Increases Dividend

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

Safran Company Profile

(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.

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