Safran (OTCMKTS:SAFRY) Cut to “Equal Weight” at Morgan Stanley

Morgan Stanley cut shares of Safran (OTCMKTS:SAFRY) from an overweight rating to an equal weight rating in a research note published on Thursday, Marketbeat reports.

Safran Price Performance

OTCMKTS SAFRY opened at $58.30 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $56.32 and a 200 day simple moving average of $55.87. Safran has a 1 year low of $45.57 and a 1 year high of $60.57.

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.