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

Safran SA (OTCMKTS:SAFRY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $94.83 and last traded at $94.51, with a volume of 218244 shares traded. The stock had previously closed at $91.83.

Analyst Ratings Changes

Several research firms recently weighed in on SAFRY. Zacks Research cut shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. The Goldman Sachs Group began coverage on Safran in a report on Friday, September 19th. They issued a “buy” rating for the company. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Safran in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Safran Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.66. The company’s 50-day moving average is $87.36 and its 200-day moving average is $85.21.

Safran Company Profile

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.