Safran (OTCMKTS:SAFRY) Shares Pass Below Two Hundred Day Moving Average - Here's Why

Safran SA (OTCMKTS:SAFRY - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $59.98 and traded as low as $59.89. Safran shares last traded at $60.61, with a volume of 427,558 shares trading hands.

Wall Street Analyst Weigh In

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

Safran Price Performance

The stock's fifty day moving average price is $64.70 and its two-hundred day moving average price is $60.05. The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35.

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.