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

Valeo S.A. (OTCMKTS:VLEEY) gapped up prior to trading on Monday . The stock had previously closed at $5.6450, but opened at $6.05. Valeo shares last traded at $6.05, with a volume of 336 shares.

Wall Street Analyst Weigh In

VLEEY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a research note on Thursday, January 15th. Sanford C. Bernstein downgraded shares of Valeo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Valeo Trading Up 5.4%

The business has a 50-day moving average of $6.99 and a 200 day moving average of $6.67. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.79 and a quick ratio of 0.61.

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.