Safran (OTCMKTS:SAFRY) Stock Price Down 4.3% – Here’s What Happened

Safran SA (OTCMKTS:SAFRYGet Free Report)’s share price was down 4.3% during trading on Tuesday . The company traded as low as $84.79 and last traded at $85.49. Approximately 10,031 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 262,509 shares. The stock had previously closed at $89.32.

Wall Street Analysts Forecast Growth

SAFRY has been the topic of several research reports. BNP Paribas Exane started coverage on Safran in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research report on Tuesday, February 17th. Jefferies Financial Group lowered shares of Safran from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company raised shares of Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Three 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, the company currently has an average rating of “Moderate Buy”.

Get Our Latest Report on SAFRY

Safran Stock Performance

The company has a fifty day moving average price of $90.83 and a two-hundred day moving average price of $89.29. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18.

Safran Company Profile

(Get Free Report)

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.

Further Reading

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