Safran (OTCMKTS:SAFRY) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Safran SA (OTCMKTS:SAFRY) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $55.68 and traded as low as $54.48. Safran shares last traded at $54.98, with a volume of 106,116 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Safran to a “moderate buy” rating in a research report on Wednesday, September 11th.

Safran Price Performance

The business has a 50-day moving average of $56.89 and a 200 day moving average of $55.68. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

Safran Company Profile

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.