Safran (OTCMKTS:SAFRF) Stock Price Passes Above 50-Day Moving Average – Here’s Why

Safran SA (OTCMKTS:SAFRFGet Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $336.68 and traded as high as $359.49. Safran shares last traded at $353.07, with a volume of 192 shares trading hands.

Safran Price Performance

The stock has a 50-day simple moving average of $336.68 and a 200-day simple moving average of $303.09.

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.

Further Reading

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