Vallourec (OTCMKTS:VLOWY) Trading Up 6.3% – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWYGet Free Report)’s share price was up 6.3% during trading on Friday . The company traded as high as $5.92 and last traded at $5.92. Approximately 1,851 shares traded hands during trading, a decline of 96% from the average daily volume of 41,419 shares. The stock had previously closed at $5.57.

Vallourec Stock Up 3.9%

The firm has a market capitalization of $7.19 billion, a P/E ratio of 19.19 and a beta of 0.31. The company’s fifty day simple moving average is $4.93 and its 200 day simple moving average is $4.27. The company has a current ratio of 2.31, a quick ratio of 1.50 and a debt-to-equity ratio of 0.34.

Vallourec (OTCMKTS:VLOWYGet Free Report) last posted its quarterly earnings data on Friday, February 27th. The energy company reported $0.09 earnings per share for the quarter. Vallourec had a return on equity of 15.10% and a net margin of 9.40%.The business had revenue of $1.21 billion for the quarter.

Vallourec Company Profile

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Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.

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