Safran (OTCMKTS:SAFRY) Stock Price Passes Below Two Hundred Day Moving Average of $54.90

Safran SA (OTCMKTS:SAFRY)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $54.90 and traded as low as $53.12. Safran shares last traded at $53.22, with a volume of 66,950 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Safran from a “neutral” rating to a “buy” rating in a research report on Thursday, June 27th.

Safran Stock Down 0.5 %

The company’s 50 day simple moving average is $54.16 and its 200 day simple moving average is $54.92.

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.