Safran (OTCMKTS:SAFRY) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Safran SA (OTCMKTS:SAFRY - Get Free Report) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $73.83 and traded as high as $80.77. Safran shares last traded at $80.14, with a volume of 334,011 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SAFRY shares. Citigroup downgraded shares of Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating on shares of Safran in a report on Wednesday, June 25th. Finally, Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Safran Price Performance

The company has a 50-day moving average price of $73.83 and a 200-day moving average price of $66.21.

Safran Increases Dividend

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

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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