Safran (OTCMKTS:SAFRY) Reaches New 1-Year High - Here's What Happened

Safran SA (OTCMKTS:SAFRY - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $63.47 and last traded at $63.28, with a volume of 288437 shares trading hands. The stock had previously closed at $63.21.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut shares of Safran from an "overweight" rating to an "equal weight" rating in a report on Thursday, January 16th.

Safran Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. The firm's 50-day moving average is $58.06 and its 200 day moving average is $56.88.

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.