Safran (OTCMKTS:SAFRY) Shares Gap Down – Should You Sell?

Safran SA (OTCMKTS:SAFRY) shares gapped down prior to trading on Thursday . The stock had previously closed at $93.66, but opened at $90.12. Safran shares last traded at $89.53, with a volume of 5,612 shares traded.

Analysts Set New Price Targets

A number of analysts have recently commented on SAFRY shares. Citigroup reissued a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. BNP Paribas Exane started coverage on Safran in a research note on Monday. They issued a “neutral” rating on the stock. Wells Fargo & Company raised Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Safran Trading Down 3.7%

The business has a 50-day moving average price of $90.91 and a 200-day moving average price of $89.24. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18.

About Safran

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.