Safran (OTCMKTS:SAFRY) Shares Up 2.1% – Here’s What Happened

Safran SA (OTCMKTS:SAFRY) traded up 2.1% on Wednesday . The company traded as high as $55.28 and last traded at $55.20. 151,076 shares traded hands during trading, a decline of 6% from the average session volume of 160,605 shares. The stock had previously closed at $54.05.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded Safran to a “moderate buy” rating in a report on Wednesday, September 11th.

Safran Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. The company’s 50-day moving average is $57.21 and its 200-day moving average is $55.89.

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.