Valeo (OTCMKTS:VLEEY) Shares Gap Up – Here’s Why

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped up before the market opened on Tuesday . The stock had previously closed at $8.0128, but opened at $8.5476. Valeo shares last traded at $8.5476, with a volume of 642 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. 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 report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Valeo presently has an average rating of “Hold”.

Valeo Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.66 and a debt-to-equity ratio of 1.33. The business’s 50-day simple moving average is $7.93 and its 200-day simple moving average is $7.29.

Valeo Company Profile

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.