Safran (OTCMKTS:SAFRY) Shares Gap Down – What’s Next?

Safran SA (OTCMKTS:SAFRY)’s stock price gapped down before the market opened on Monday. The stock had previously closed at $84.51, but opened at $75.78. Safran shares last traded at $75.78, with a volume of 5,056 shares traded.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAFRY. DZ Bank cut Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a report on Thursday, August 13th. Finally, Citigroup restated a “neutral” rating on shares of Safran in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Safran presently has an average rating of “Moderate Buy”.

Safran Stock Performance

The business has a fifty day simple moving average of $93.83 and a two-hundred day simple moving average of $92.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.66 and a current ratio of 0.92.

About Safran

Safran SA is a French aerospace and defense company that develops and manufactures equipment, systems and services for commercial aviation, military aircraft, helicopters and space applications. Its activities include aircraft engines, helicopter engines, landing gear, wheels and carbon brakes, engine nacelles, flight-control systems, avionics, navigation equipment and other aerospace systems.

Safran operates several major joint ventures and partnerships, including CFM International with GE Aerospace, which produces the CFM56 and LEAP commercial aircraft engines.