Vallourec (OTCMKTS:VLOUF) Trading Up 0.8% – Here’s Why

Shares of Vallourec S.A. (OTCMKTS:VLOUFGet Free Report) were up 0.8% during mid-day trading on Friday . The stock traded as high as $21.5950 and last traded at $21.5950. 50 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 301 shares. The stock had previously closed at $21.4250.

Vallourec Trading Up 0.8%

The company has a 50 day moving average price of $22.07 and a 200 day moving average price of $24.61.

About Vallourec

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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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