Safran SA (OTCMKTS:SAFRY – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 187,756 shares, a growth of 82.7% from the July 15th total of 102,795 shares. Based on an average trading volume of 496,465 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are sold short.
Safran Price Performance
Safran stock traded up $0.33 during mid-day trading on Monday, hitting $104.28. The stock had a trading volume of 385,990 shares, compared to its average volume of 264,120. Safran has a one year low of $76.86 and a one year high of $106.71. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average is $96.27 and its 200 day moving average is $90.95.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on SAFRY shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Safran in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a report on Wednesday, July 29th. DZ Bank cut Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Safran has an average rating of “Moderate Buy”.
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.
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