Safran (OTCMKTS:SAFRY) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Safran SA (OTCMKTS:SAFRY)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.98 and traded as low as $59.89. Safran shares last traded at $60.61, with a volume of 427,558 shares traded.

Analyst Upgrades and Downgrades

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

Safran Trading Up 1.5 %

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 business’s 50-day moving average price is $64.84 and its two-hundred day moving average price is $59.98.

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.