Safran (OTCMKTS:SAFRY) Reaches New 52-Week High – Time to Buy?

Safran SA (OTCMKTS:SAFRY)’s stock price hit a new 52-week high during 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.

Wall Street Analysts Forecast Growth

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

Safran Stock Up 1.8 %

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

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.