Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Here’s Why

Vallourec SA (OTCMKTS:VLOWYGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $4.25, but opened at $4.10. Vallourec shares last traded at $4.10, with a volume of 323 shares.

Vallourec Price Performance

The company has a 50 day moving average of $4.85 and a 200 day moving average of $5.09. The company has a quick ratio of 1.58, a current ratio of 2.43 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 12.73 and a beta of 0.50.

Vallourec (OTCMKTS:VLOWYGet Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. The business had revenue of $1.03 billion for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 15.20%.

Vallourec Company Profile

(Get Free Report)

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.

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