Safran (OTCMKTS:SAFRY) Hits New 1-Year High – What’s Next?

Shares of Safran SA (OTCMKTS:SAFRY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $99.93 and last traded at $99.27, with a volume of 12845 shares trading hands. The stock had previously closed at $91.41.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAFRY. Zacks Research lowered Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Jefferies Financial Group reissued a “buy” rating on shares of Safran in a research report on Friday, October 24th. Two investment 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 company. Based on data from MarketBeat, Safran has an average rating of “Buy”.

Safran Trading Up 7.1%

The firm has a 50-day simple moving average of $89.89 and a two-hundred day simple moving average of $87.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66.

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.