Safran (OTCMKTS:SAFRY) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Safran SA (OTCMKTS:SAFRY) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $60.03 and traded as low as $54.57. Safran shares last traded at $55.01, with a volume of 485,013 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley downgraded shares of Safran from an “overweight” rating to an “equal weight” rating in a research note on Thursday, January 16th.

Safran Stock Down 7.2 %

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. The company has a 50-day simple moving average of $65.38 and a two-hundred day simple moving average of $60.03.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.