Safran (OTCMKTS:SAFRY) Share Price Passes Above 50-Day Moving Average of $54.44

Safran SA (OTCMKTS:SAFRY)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $54.44 and traded as high as $58.94. Safran shares last traded at $58.65, with a volume of 62,425 shares.

Analyst Ratings Changes

A number of research analysts recently issued reports on SAFRY shares. Royal Bank of Canada raised Safran to a “moderate buy” rating in a report on Wednesday, September 11th. Citigroup raised Safran from a “neutral” rating to a “buy” rating in a report on Thursday, June 27th.

Safran Trading Up 0.2 %

The stock’s fifty day moving average price is $54.44 and its 200-day moving average price is $55.21.

Safran Company Profile

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.