Safran (OTCMKTS:SAFRY) Reaches New 1-Year High – Here’s What Happened

Safran SA (OTCMKTS:SAFRY) reached a new 52-week high on Wednesday . The company traded as high as $60.74 and last traded at $60.51, with a volume of 134800 shares. The stock had previously closed at $59.46.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered Safran from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 16th.

Safran Stock Performance

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. The stock’s 50-day moving average price is $56.32 and its 200-day moving average price is $55.95.

Safran Company Profile

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.