Safran (OTCMKTS:SAFRY) Reaches New 1-Year High – Still a Buy?

Shares of Safran SA (OTCMKTS:SAFRY) hit a new 52-week high during trading on Thursday . The stock traded as high as $62.85 and last traded at $62.81, with a volume of 93645 shares traded. The stock had previously closed at $62.11.

Wall Street Analysts Forecast Growth

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

Safran Trading Up 0.2 %

The company has a 50-day moving average of $57.40 and a 200-day moving average of $56.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88.

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.