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

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down prior to trading on Friday . The stock had previously closed at $7.6810, but opened at $7.13. Valeo shares last traded at $7.1850, with a volume of 30,272 shares.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Valeo in a research note on Thursday, January 15th. Sanford C. Bernstein lowered Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Valeo Stock Performance

The business has a fifty day moving average of $7.20 and a 200 day moving average of $6.64. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.23.

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.