Valeo (OTCMKTS:VLEEY) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Valeo S.A. (OTCMKTS:VLEEY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.99 and traded as high as $6.63. Valeo shares last traded at $6.50, with a volume of 3,004 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VLEEY. Morgan Stanley reissued an “overweight” rating on shares of Valeo in a research report on Friday, October 31st. Sanford C. Bernstein cut Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Jefferies Financial Group restated a “hold” rating on shares of Valeo in a research report on Monday, October 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Valeo in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Valeo Trading Down 1.1%

The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average price of $6.47 and a 200-day moving average price of $6.01.

Valeo Company Profile

Valeo SE designs, produces, and sells products and systems for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.