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

Safran SA (OTCMKTS:SAFRY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Ratings Changes

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

Safran Price Performance

The company’s 50-day moving average is $57.11 and its two-hundred day moving average is $55.79. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

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.