Safran (OTCMKTS:SAFRY) Hits New 52-Week Low – What’s Next?

Safran SA (OTCMKTS:SAFRY)’s stock price reached a new 52-week low during trading on Friday. The company traded as low as $76.14 and last traded at $76.2060, with a volume of 8,166 shares traded. The stock had previously closed at $87.31.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAFRY. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a report on Thursday, August 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. DZ Bank lowered Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Citigroup reiterated a “neutral” rating on shares of Safran in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Wednesday, July 29th. One research 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Safran Stock Down 8.5%

The business has a 50 day moving average of $94.40 and a two-hundred day moving average of $92.06.

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.