Safran (OTCMKTS:SAFRY) Hits New 1-Year High – Here’s Why

Safran SA (OTCMKTS:SAFRY) hit a new 52-week high on Thursday . The company traded as high as $72.00 and last traded at $71.92, with a volume of 846314 shares. The stock had previously closed at $69.30.

Analyst Ratings Changes

Separately, Morgan Stanley cut shares of Safran from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 16th.

Safran Price Performance

The business’s 50-day moving average price is $60.94 and its two-hundred day moving average price is $58.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61.

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.