Safran (OTCMKTS:SAFRY) Sees Large Volume Increase – Still a Buy?

Shares of Safran SA (OTCMKTS:SAFRY) saw unusually-strong trading volume on Monday . Approximately 488,450 shares were traded during trading, an increase of 139% from the previous session’s volume of 204,612 shares.The stock last traded at $101.76 and had previously closed at $102.14.

Analyst Ratings Changes

A number of research firms have recently commented on SAFRY. Citigroup reissued a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Zacks Research lowered Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Safran currently has an average rating of “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 has a 50-day moving average price of $92.51 and a two-hundred day moving average price of $88.19.

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.