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

Valeo S.A. (OTCMKTS:VLEEY) gapped down before the market opened on Monday . The stock had previously closed at $8.80, but opened at $8.4440. Valeo shares last traded at $8.4140, with a volume of 808 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently commented on VLEEY. Morgan Stanley restated an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. Citigroup reissued a “neutral” rating on shares of Valeo in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Valeo Trading Down 1.7%

The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.66 and a current ratio of 0.86. The firm’s 50-day simple moving average is $8.16 and its two-hundred day simple moving average is $7.35.

About Valeo

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company’s portfolio includes driver-assistance and automated-driving technologies, vehicle lighting, electrical and electronic systems, thermal-management solutions, and powertrain technologies supporting vehicle electrification.

Valeo supplies products for passenger cars and commercial vehicles, with offerings designed for conventional, hybrid, and electric vehicles.