Safran SA (OTCMKTS:SAFRY – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 187,756 shares, a growth of 82.7% from the July 15th total of 102,795 shares. Based on an average daily trading volume, of 496,465 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.
Safran Price Performance
Safran stock opened at $104.08 on Tuesday. The business has a 50-day simple moving average of $96.66 and a two-hundred day simple moving average of $91.03. Safran has a 52-week low of $76.86 and a 52-week high of $106.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. Royal Bank Of Canada reissued an “outperform” 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 report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. DZ Bank cut shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Citigroup restated a “neutral” rating on shares of Safran in a research report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.
Safran Company Profile
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.
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