Veolia Environnement (OTCMKTS:VEOEY) Shares Gap Up – Should You Buy?

Veolia Environnement SA (OTCMKTS:VEOEY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $17.46, but opened at $17.92. Veolia Environnement shares last traded at $17.40, with a volume of 9,053 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Veolia Environnement from a “hold” rating to a “strong sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Veolia Environnement Stock Performance

The company’s 50 day moving average price is $16.96 and its 200 day moving average price is $17.17. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 1.64.

About Veolia Environnement

Veolia Environnement (OTCMKTS: VEOEY) is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.