Safran (OTCMKTS:SAFRY) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Safran SA (OTCMKTS:SAFRY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.68 and traded as low as $54.48. Safran shares last traded at $54.98, with a volume of 106,116 shares changing hands.

Analyst Upgrades and Downgrades

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

Safran Price Performance

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. The business’s 50 day simple moving average is $56.82 and its two-hundred day simple moving average is $55.67.

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.