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

Valeo S.A. (OTCMKTS:VLEEY) gapped up prior to trading on Wednesday . The stock had previously closed at $6.62, but opened at $6.8980. Valeo shares last traded at $6.8980, with a volume of 275 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on VLEEY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a report on Friday, October 31st. Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research note on Monday, October 6th. Sanford C. Bernstein downgraded shares of Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Valeo in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Valeo Price Performance

The business’s fifty day moving average price is $6.57 and its 200 day moving average price is $6.09. The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.23.

Valeo Company Profile

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.