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

Valeo S.A. (OTCMKTS:VLEEY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $6.02, but opened at $6.27. Valeo shares last traded at $6.27, with a volume of 704 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VLEEY. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Valeo in a report on Thursday, January 15th. Finally, Sanford C. Bernstein downgraded shares of Valeo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Valeo Stock Down 3.2%

The stock has a 50 day simple moving average of $7.13 and a two-hundred day simple moving average of $6.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79.

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.