Valeo (OTCMKTS:VLEEY) Shares Gap Down – Here’s What Happened

Valeo S.A. (OTCMKTS:VLEEY) gapped down prior to trading on Wednesday . The stock had previously closed at $6.9330, but opened at $6.65. Valeo shares last traded at $6.82, with a volume of 7,006 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on VLEEY shares. Sanford C. Bernstein cut shares of Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research note on Friday, October 31st. Jefferies Financial Group restated a “hold” rating on shares of Valeo in a report on Monday, October 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Valeo Stock Down 1.6%

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 stock’s fifty day moving average is $6.68 and its two-hundred day moving average is $6.15.

Valeo Company Profile

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.