Safran (OTCMKTS:SAFRY) Shares Gap Up - What's Next?

Key Points

• Shares gapped up before the market on Wednesday, opening at $86.83 versus a prior close of $79.56 and last trading around $87.28, roughly a 9.8% increase on ~18,134 shares.
• Analyst sentiment is a "Moderate Buy" with a mix of ratings (2 Strong Buy, 3 Buy, 4 Hold) following recent moves including a Wells Fargo upgrade to strong-buy and a Jefferies downgrade to hold.
• Safran is a French aerospace, defense and security supplier; its balance sheet shows low leverage (debt-to-equity ~0.18) but liquidity ratios below 1 (current 0.93, quick 0.68) and 50-/200-day SMAs near $87–$89.

Safran SA (OTCMKTS:SAFRY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $79.56, but opened at $86.83. Safran shares last traded at $87.2760, with a volume of 18,134 shares.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company upgraded Safran to a "strong-buy" rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a report on Thursday, April 9th. Jefferies Financial Group downgraded Safran from a "buy" rating to a "hold" rating in a report on Monday, April 20th. BNP Paribas Exane assumed coverage on Safran in a report on Monday, April 13th. They set a "neutral" rating on the stock. Finally, Citigroup restated a "neutral" rating on shares of Safran in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Safran Trading Up 9.8%

The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The firm has a 50-day simple moving average of $87.73 and a 200-day simple moving average of $88.83.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company's principal activities cover aircraft propulsion and equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.