Safran (OTCMKTS:SAFRY) Hits New 12-Month High – What’s Next?

Safran SA (OTCMKTS:SAFRY) shares hit a new 52-week high on Wednesday . The company traded as high as $63.47 and last traded at $63.28, with a volume of 288437 shares traded. The stock had previously closed at $63.21.

Analyst Ratings Changes

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

Safran Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. The company has a 50-day moving average price of $57.74 and a 200-day moving average price of $56.76.

Safran Company Profile

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.