Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $4.9062, but opened at $4.70. Vallourec shares last traded at $4.70, with a volume of 3,300 shares traded.

Analyst Upgrades and Downgrades

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

Vallourec Stock Performance

The company has a current ratio of 2.13, a quick ratio of 1.27 and a debt-to-equity ratio of 0.36. The company has a market cap of $5.38 billion, a PE ratio of 12.42 and a beta of 0.36. The firm’s 50-day simple moving average is $4.10 and its two-hundred day simple moving average is $3.88.

Vallourec Company Profile

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.