Safran (OTCMKTS:SAFRY) Hits New 52-Week High – Still a Buy?

Safran SA (OTCMKTS:SAFRY) shares reached a new 52-week high on Friday . The company traded as high as $66.37 and last traded at $66.19, with a volume of 560693 shares trading hands. The stock had previously closed at $64.36.

Analyst Ratings Changes

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

Safran Stock Performance

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 business’s 50 day moving average is $60.04 and its two-hundred day moving average is $57.75.

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.