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

Valeo S.A. (OTCMKTS:VLEEYGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $7.04, but opened at $7.41. Valeo shares last traded at $7.41, with a volume of 211 shares traded.

Analyst Ratings Changes

Separately, Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Valeo currently has an average rating of “Hold”.

View Our Latest Analysis on VLEEY

Valeo Stock Up 2.2%

The firm’s 50-day moving average price is $7.57 and its 200-day moving average price is $7.03. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Valeo Company Profile

(Get Free Report)

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.

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