Safran (OTCMKTS:SAFRY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Safran SA (OTCMKTS:SAFRY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $88.09 and traded as low as $83.59. Safran shares last traded at $83.92, with a volume of 108,837 shares.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a report on Tuesday, March 31st. Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. BNP Paribas Exane initiated coverage on shares of Safran in a report on Monday, April 13th. They issued a “neutral” rating for the company. Jefferies Financial Group cut shares of Safran from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Safran has an average rating of “Moderate Buy”.

Safran Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93. The business’s 50-day simple moving average is $84.58 and its two-hundred day simple moving average is $88.09.

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.