Safran (OTCMKTS:SAFRY) Hits New 12-Month High – Still a Buy?

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

Analyst Upgrades and Downgrades

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

Safran Trading Up 3.8 %

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

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.