Valeo (OTCMKTS:VLEEY) Shares Gap Up – Still a Buy?

Valeo S.A. (OTCMKTS:VLEEYGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $8.0128, but opened at $8.5476. Valeo shares last traded at $8.5476, with a volume of 642 shares.

Analyst Upgrades and Downgrades

VLEEY has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Valeo in a research report on Thursday, July 16th. Citigroup reissued a “neutral” rating on shares of Valeo in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

View Our Latest Analysis on VLEEY

Valeo Stock Up 2.0%

The company’s 50-day moving average price is $7.93 and its 200-day moving average price is $7.29. The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33.

About Valeo

(Get Free Report)

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.

Further Reading

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