Safran (OTCMKTS:SAFRY) Shares Gap Up – Time to Buy?

Safran SA (OTCMKTS:SAFRY) gapped up prior to trading on Wednesday . The stock had previously closed at $98.87, but opened at $102.20. Safran shares last traded at $103.05, with a volume of 7,957 shares trading hands.

Analyst Upgrades and Downgrades

SAFRY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a research note on Thursday, August 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a report on Wednesday, July 29th. DZ Bank cut shares of Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Citigroup reissued a “neutral” rating on shares of Safran in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Safran Stock Performance

The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $98.11 and a 200 day moving average price of $91.48.

About Safran

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.