Shares of Vallourec S.A. (OTCMKTS:VLOUF – Get Free Report) shot up 2.8% during mid-day trading on Wednesday . The company traded as high as $25.03 and last traded at $24.4305. Approximately 1,000 shares changed hands during mid-day trading, an increase of 257% from the average session volume of 280 shares. The stock had previously closed at $23.7550.
Vallourec Stock Performance
The firm has a 50-day moving average of $26.25 and a 200-day moving average of $24.35.
About Vallourec
Vallourec is a global manufacturer of seamless steel tubing solutions, headquartered in France. The company specializes in the design, production and distribution of high–performance tubular products, catering primarily to the oil and gas, power generation, chemical, petrochemical, automotive and construction industries. Its product portfolio encompasses oil country tubular goods (OCTG), line pipes, mechanical tubing and premium connections developed to withstand the most demanding environments and applications.
Serving both upstream and downstream markets, Vallourec offers integrated services that range from project engineering and metallurgical expertise to on-site technical support.
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