Valeo (OTCMKTS:VLEEY) Hits New 1-Year High – Should You Buy?

Shares of Valeo S.A. (OTCMKTS:VLEEY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.82 and last traded at $7.82, with a volume of 149 shares trading hands. The stock had previously closed at $7.54.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VLEEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a research report on Thursday, January 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Valeo in a report on Monday, October 27th. Finally, Sanford C. Bernstein lowered Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Valeo Stock Up 3.2%

The firm has a 50-day simple moving average of $6.91 and a 200 day simple moving average of $6.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.79 and a quick ratio of 0.61.

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.