Valeo (OTCMKTS:VLEEY) Sees Unusually-High Trading Volume – Should You Buy?

Valeo S.A. (OTCMKTS:VLEEY) shares saw unusually-strong trading volume on Friday . Approximately 1,631 shares traded hands during trading, an increase of 14% from the previous session’s volume of 1,425 shares.The stock last traded at $6.87 and had previously closed at $7.01.

Wall Street Analysts Forecast Growth

VLEEY has been the subject of a number of research reports. Sanford C. Bernstein cut shares of Valeo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Morgan Stanley reissued an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Valeo in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating on shares of Valeo in a report on Monday, October 27th. Finally, Citigroup reissued a “neutral” rating on shares of Valeo in a research report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Valeo Price Performance

The company has a quick ratio of 0.61, a current ratio of 0.79 and a debt-to-equity ratio of 1.23. The firm has a fifty day moving average price of $6.73 and a 200-day moving average price of $6.29.

About Valeo

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.