Valeo (OTCMKTS:VLEEY) Sees Strong Trading Volume – Time to Buy?

Valeo S.A. (OTCMKTS:VLEEY) saw unusually-high trading volume on Thursday . Approximately 4,613 shares traded hands during mid-day trading, an increase of 155% from the previous session’s volume of 1,807 shares.The stock last traded at $8.00 and had previously closed at $7.68.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on VLEEY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Valeo in a research note on Monday, October 27th. Sanford C. Bernstein cut shares of Valeo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reissued 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 given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Valeo Trading Up 3.9%

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’s 50 day simple moving average is $6.96 and its 200 day simple moving average is $6.48.

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.