Safran SA (OTCMKTS:SAFRY – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 437,380 shares, a growth of 220.0% from the June 15th total of 136,677 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 595,393 shares, the days-to-cover ratio is currently 0.7 days.
Safran Stock Performance
Safran stock traded down $2.03 on Monday, hitting $94.02. The company’s stock had a trading volume of 26,505 shares, compared to its average volume of 270,215. The company has a fifty day moving average price of $89.13 and a 200-day moving average price of $89.71. Safran has a one year low of $76.86 and a one year high of $106.71. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Citigroup raised shares of Safran to a “hold” rating in a research report on Monday, June 8th. BNP Paribas Exane began coverage on Safran in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a report on Thursday, April 9th. Jefferies Financial Group restated a “hold” rating on shares of Safran in a report on Friday. Finally, Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Safran has an average rating of “Moderate Buy”.
Safran Company Profile
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.
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