Valeo (OTCMKTS:VLEEY) Shares Gap Up – Still a Buy?

Valeo S.A. (OTCMKTS:VLEEY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $6.43, but opened at $6.65. Valeo shares last traded at $6.65, with a volume of 1,000 shares traded.

Wall Street Analyst Weigh In

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

Valeo Stock Up 3.4%

The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79. The business’s 50 day moving average is $6.48 and its two-hundred day moving average is $6.02.

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.