VALLOUREC SA/S (VLOWY) Cut to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of VALLOUREC SA/S (OTCMKTS:VLOWY) from a buy rating to a hold rating in a research report report published on Wednesday.
According to Zacks, “Vallourec SA, provides tubular solutions primarily to the energy markets and industrial applications worldwide. Its products are used by the automobile, oil and gas refining, petrochemical, transport mechanical, construction, and aerospace industries. Vallourec offers various products such as tubes and accessories for drill strings, including drill pipes, drill collars, and heavy-weight drill pipes, tubes for well equipment, standard or premium connections and underwater line-pipe. It also produces furnace tubes, heat exchanger tubes, and fittings for pipework. Vallourec SA, is headquartered in Boulogne-Billancourt, France. “
VLOWY stock opened at $0.50 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.70 and a quick ratio of 1.05. VALLOUREC SA/S has a one year low of $0.27 and a one year high of $1.34. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -1.85 and a beta of 2.54.
Vallourec SA, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in the European Union, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company produces hot-rolled seamless carbon and alloy steel tubes for the oil and gas, power generation, chemical and petrochemical, and automotive and mechanical engineering industries, as well as produces stainless steel and titanium tubes.
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