Safran (OTCMKTS:SAFRY) Hits New 52-Week High – Here’s What Happened

Safran SA (OTCMKTS:SAFRY) shares hit a new 52-week high during trading on Friday . The company traded as high as $62.69 and last traded at $61.62, with a volume of 185387 shares traded. The stock had previously closed at $61.84.

Analysts Set New Price Targets

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

Safran Stock Down 0.4 %

The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $56.99 and its two-hundred day moving average is $56.31.

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.