Vallourec (OTCMKTS:VLOWY) Shares Gap Down – What’s Next?

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped down prior to trading on Monday. The stock had previously closed at $4.29, but opened at $4.10. Vallourec shares last traded at $4.22, with a volume of 800 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded shares of Vallourec from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Vallourec Stock Down 1.4%

The firm’s 50 day moving average price is $4.26 and its 200-day moving average price is $4.82. The company has a current ratio of 2.14, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The company has a market cap of $5.56 billion, a P/E ratio of 12.85 and a beta of 0.53.

Vallourec Company Profile

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.