Valeo (OTCMKTS:VLEEY) Shares Gap Down – Time to Sell?

Valeo S.A. (OTCMKTS:VLEEY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.91, but opened at $6.14. Valeo shares last traded at $6.13, with a volume of 536 shares.

Wall Street Analysts Forecast Growth

VLEEY has been the subject of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating on shares of Valeo in a research report on Monday, October 27th. Morgan Stanley reissued an “overweight” rating on shares of Valeo in a research note on Friday, October 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a report on Friday, July 25th. 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 assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Valeo Trading Down 13.2%

The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average price of $6.44 and a 200-day moving average price of $5.86.

About Valeo

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.