Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s Why

Vallourec SA (OTCMKTS:VLOWYGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.71, but opened at $6.31. Vallourec shares last traded at $6.31, with a volume of 200 shares.

Vallourec Price Performance

The company’s 50-day moving average is $5.27 and its 200-day moving average is $4.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.31 and a quick ratio of 1.50. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.09 and a beta of 0.45.

Vallourec (OTCMKTS:VLOWYGet Free Report) last released its earnings results on Wednesday, May 13th. The energy company reported $0.08 earnings per share (EPS) for the quarter. Vallourec had a net margin of 9.45% and a return on equity of 15.79%. The business had revenue of $1.14 billion for the quarter.

About Vallourec

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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.

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