Safran (OTCMKTS:SAFRY) Sees Strong Trading Volume – Here’s What Happened

Safran SA (OTCMKTS:SAFRY) saw unusually-strong trading volume on Monday. 493,074 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 248,524 shares. The stock last traded at $80.55 and had previously closed at $76.63.

Analyst Ratings Changes

Several research firms have weighed in on SAFRY. Citigroup reiterated a “neutral” rating on shares of Safran in a report on Wednesday, October 28th. Royal Bank Of Canada restated an “outperform” rating on shares of Safran in a report on Monday, October 26th. DZ Bank raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Safran currently has a consensus rating of “Moderate Buy”.

Safran Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.66. The stock’s 50-day simple moving average is $90.61 and its 200 day simple moving average is $91.17.

About Safran

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.