Safran (EPA:SAF) Trading 1.3% Higher – What’s Next?

Safran SA (EPA:SAFGet Free Report) shares rose 1.3% during mid-day trading on Friday . The company traded as high as €214.90 ($221.55) and last traded at €214.90 ($221.55). Approximately 595,032 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 1,060,000 shares. The stock had previously closed at €212.10 ($218.66).

Safran Stock Performance

The business’s 50 day simple moving average is €214.77 and its 200 day simple moving average is €206.26.

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.

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