Safran (OTCMKTS:SAFRY) Stock Passes Below 200-Day Moving Average – What’s Next?

Shares of Safran SA (OTCMKTS:SAFRY) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $55.79 and traded as low as $54.73. Safran shares last traded at $54.93, with a volume of 141,999 shares changing hands.

Analyst Upgrades and Downgrades

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

Safran Stock Down 0.8 %

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 firm has a 50 day simple moving average of $57.11 and a 200 day simple moving average of $55.79.

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.