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

Vallourec SA (OTCMKTS:VLOWYGet Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $5.5648, but opened at $5.90. Vallourec shares last traded at $5.90, with a volume of 500 shares changing hands.

Vallourec Price Performance

The stock has a market capitalization of $6.57 billion, a P/E ratio of 16.97 and a beta of 0.41. The business has a fifty day simple moving average of $5.70 and a 200-day simple moving average of $4.74. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.50 and a current ratio of 2.43.

Vallourec (OTCMKTS:VLOWYGet Free Report) last issued its earnings results on Wednesday, May 13th. The energy company reported $0.08 earnings per share (EPS) for the quarter. Vallourec had a return on equity of 15.40% and a net margin of 9.45%.The company had revenue of $1.14 billion for the quarter.

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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