Safran (OTCMKTS:SAFRY) Trading Up 2.1% – Still a Buy?

Safran SA (OTCMKTS:SAFRY)’s stock price was up 2.1% during mid-day trading on Wednesday . The company traded as high as $55.28 and last traded at $55.20. Approximately 151,076 shares changed hands during trading, a decline of 6% from the average daily volume of 160,605 shares. The stock had previously closed at $54.05.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded shares of Safran to a “moderate buy” rating in a report on Wednesday, September 11th.

Safran Price Performance

The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35. The stock’s 50-day moving average is $57.21 and its two-hundred day moving average is $55.89.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.