Safran (EPA:SAF) Shares Down 0.8% – Here’s Why

Safran SA (EPA:SAFGet Free Report) shares fell 0.8% during mid-day trading on Wednesday . The company traded as low as €209.20 ($227.39) and last traded at €209.80 ($228.04). 466,180 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,060,000 shares. The stock had previously closed at €211.40 ($229.78).

Safran Price Performance

The company has a 50 day moving average of €204.61 and a 200 day moving average of €204.37.

Safran Company Profile

(Get Free Report)

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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