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

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.60, but opened at $4.95. Vallourec shares last traded at $4.70, with a volume of 21,776 shares changing hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group began coverage on Vallourec in a report on Monday, December 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Vallourec Stock Performance

The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 12.91 and a beta of 0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13. The firm has a 50-day simple moving average of $4.07 and a two-hundred day simple moving average of $3.87.

About Vallourec

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.