Safran (OTCMKTS:SAFRF) Share Price Passes Below 200 Day Moving Average – Here’s Why

Safran SA (OTCMKTS:SAFRFGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $222.77 and traded as low as $217.77. Safran shares last traded at $221.47, with a volume of 785 shares trading hands.

Safran Stock Down 1.4 %

The stock’s 50 day simple moving average is $226.95 and its 200 day simple moving average is $222.76.

Safran Company Profile

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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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