Safran (OTCMKTS:SAFRY) Shares Gap Down – Should You Sell?

Safran SA (OTCMKTS:SAFRY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $83.67, but opened at $81.33. Safran shares last traded at $81.66, with a volume of 6,372 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Sanford C. Bernstein raised Safran from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. The Goldman Sachs Group began coverage on Safran in a report on Friday, September 19th. They issued a “buy” rating on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Safran in a report on Friday, October 24th. Finally, Zacks Research raised shares of Safran from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Safran has an average rating of “Buy”.

Safran Trading Up 1.1%

The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $87.25 and a two-hundred day simple moving average of $82.20.

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.