Safran (OTCMKTS:SAFRY) Cut to Neutral at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Safran (OTCMKTS:SAFRYFree Report) from a buy rating to a neutral rating in a research report sent to investors on Thursday morning, reports.

Safran Stock Performance

SAFRY opened at $47.45 on Thursday. The stock’s 50 day moving average price is $44.89 and its 200-day moving average price is $41.76. Safran has a one year low of $33.36 and a one year high of $47.47. The company has a quick ratio of 0.67, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

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 services, as well as sells spare parts.

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