Safran (OTCMKTS:SAFRY) Share Price Crosses Below 200 Day Moving Average – What’s Next?
by Danessa Lincoln · The Markets DailySafran SA (OTCMKTS:SAFRY – Get Free Report)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $88.09 and traded as low as $83.59. Safran shares last traded at $83.92, with a volume of 108,837 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. Jefferies Financial Group downgraded shares of Safran from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Wells Fargo & Company raised shares of Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research report on Thursday, April 9th. BNP Paribas Exane assumed coverage on shares of Safran in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Citigroup reaffirmed a “neutral” rating on shares of Safran in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Safran has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on SAFRY
Safran Stock Up 1.4%
The business’s 50-day moving average price is $84.77 and its 200 day moving average price is $88.12. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.
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.