Safran (OTCMKTS:SAFRY) Hits New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Safran Stock Performance

The stock has a fifty day moving average of $56.47 and a 200-day moving average of $56.02. 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.