Vallourec (OTCMKTS:VLOUF) Shares Down 3.9% – Here’s Why

Vallourec S.A. (OTCMKTS:VLOUFGet Free Report) shares dropped 3.9% during trading on Thursday . The stock traded as low as $17.70 and last traded at $17.70. Approximately 365 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 414 shares. The stock had previously closed at $18.41.

Vallourec Trading Down 3.9%

The stock’s 50-day simple moving average is $18.65 and its two-hundred day simple moving average is $18.55.

About Vallourec

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Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.

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