Safran (EPA:SAF) Shares Down 1% – Here’s What Happened

Safran SA (EPA:SAFGet Free Report) shares were down 1% during mid-day trading on Friday . The stock traded as low as €208.10 ($219.05) and last traded at €208.10 ($219.05). Approximately 515,921 shares changed hands during trading, a decline of 51% from the average daily volume of 1,060,000 shares. The stock had previously closed at €210.30 ($221.37).

Safran Price Performance

The company’s 50-day moving average price is €213.97 and its 200-day moving average price is €206.10.

About Safran

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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.

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