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

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped up before the market opened on Tuesday . The stock had previously closed at $7.33, but opened at $7.7355. Valeo shares last traded at $7.7355, with a volume of 372 shares traded.

Analyst Ratings Changes

A number of research firms recently commented on VLEEY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Valeo in a research report on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research note on Thursday, January 8th. Jefferies Financial Group restated a “hold” rating on shares of Valeo in a research note on Monday, October 27th. Finally, Sanford C. Bernstein downgraded Valeo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Valeo currently has a consensus rating of “Hold”.

Valeo Trading Up 5.4%

The company’s 50-day moving average is $7.14 and its 200-day moving average is $6.62. The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.23.

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.