Safran (OTCMKTS:SAFRY) Sees Large Volume Increase – Still a Buy?

Safran SA (OTCMKTS:SAFRY) shares saw unusually-high trading volume on Monday . Approximately 692,218 shares changed hands during mid-day trading, an increase of 219% from the previous session’s volume of 216,831 shares.The stock last traded at $98.58 and had previously closed at $100.60.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Citigroup reiterated a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Safran Stock Down 2.7%

The business has a fifty day moving average price of $93.02 and a 200 day moving average price of $88.46. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20.

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.