Safran (OTCMKTS:SAFRY) Sees Strong Trading Volume – Time to Buy?
by Teresa Graham · The Cerbat GemShares of Safran SA (OTCMKTS:SAFRY – Get Free Report) saw unusually-high trading volume on Monday . Approximately 286,559 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 272,656 shares.The stock last traded at $78.56 and had previously closed at $80.50.
Wall Street Analysts Forecast Growth
SAFRY has been the topic of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Wells Fargo & Company raised Safran to a “strong-buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group cut Safran from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Thursday, April 9th. Finally, BNP Paribas Exane assumed coverage on shares of Safran in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Safran presently has an average rating of “Moderate Buy”.
Read Our Latest Analysis on Safran
Safran Stock Performance
The firm’s 50 day simple moving average is $88.18 and its 200-day simple moving average is $88.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.
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.