Safran (OTCMKTS:SAFRY) Sees Strong Trading Volume – Time to Buy?

Safran SA (OTCMKTS:SAFRY) saw unusually-strong trading volume on Monday . Approximately 488,450 shares were traded during trading, an increase of 139% from the previous session’s volume of 204,612 shares.The stock last traded at $101.76 and had previously closed at $102.14.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SAFRY shares. Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Zacks Research downgraded Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Safran Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average is $91.61 and its two-hundred day moving average is $87.87.

About Safran

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.