Valeo (OTCMKTS:VLEEY) Sees Unusually-High Trading Volume – Here’s Why

Valeo S.A. (OTCMKTS:VLEEY) shares saw strong trading volume on Monday . 6,937 shares changed hands during trading, an increase of 278% from the previous session’s volume of 1,834 shares.The stock last traded at $7.13 and had previously closed at $6.99.

Wall Street Analyst Weigh In

VLEEY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a report on Thursday, January 8th. Citigroup reissued a “neutral” rating on shares of Valeo in a report on Monday, October 6th. Jefferies Financial Group restated a “hold” rating on shares of Valeo in a report on Monday, October 27th. Sanford C. Bernstein lowered Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Valeo in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Valeo presently has a consensus rating of “Hold”.

Valeo Stock Performance

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 of $6.77 and a two-hundred day moving average of $6.40.

About Valeo

Valeo is a global automotive supplier headquartered in the Paris region, with its American depositary shares trading OTC under the symbol VLEEY. Founded in France in the early 20th century, the company has grown to serve original equipment manufacturers, automakers and the aftermarket with a comprehensive portfolio of mobility solutions. Valeo’s mission centers on providing innovative systems and components that enhance vehicle performance, safety and environmental sustainability.

The company operates across four main business segments.