Valeo (OTCMKTS:VLEEY) Sees Large Volume Increase – Here’s What Happened

Valeo S.A. (OTCMKTS:VLEEY) saw an uptick in trading volume on Thursday . 7,890 shares changed hands during mid-day trading, an increase of 52% from the previous session’s volume of 5,190 shares.The stock last traded at $8.20 and had previously closed at $8.3460.

Analyst Ratings Changes

A number of research firms recently issued reports on VLEEY. Morgan Stanley restated an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Valeo Stock Up 1.0%

The firm’s 50 day moving average is $7.83 and its 200-day moving average is $7.24. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

About Valeo

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.