Vallourec (OTCMKTS:VLOWY) Stock Jumps 3.5% – Here’s What Happened

Shares of Vallourec SA (OTCMKTS:VLOWY) rose 3.5% on Thursday. The company traded as high as $4.4050 and last traded at $4.4050. 185 shares traded hands during trading, a decline of 100% from the average session volume of 104,929 shares. The stock had previously closed at $4.2580.

Vallourec Trading Down 2.0%

The company’s fifty day moving average is $4.51 and its two-hundred day moving average is $5.04. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 12.98 and a beta of 0.51. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.

Vallourec (OTCMKTS:VLOWY) last posted its quarterly earnings results on Thursday, July 30th. The energy company reported $0.04 EPS for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%. The company had revenue of $1.03 billion during the quarter.

Vallourec Company Profile

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial markets. The company primarily produces seamless steel tubes, specialized connections and related services used in oil and gas exploration and production, including casing, tubing and line pipe applications.

Its products and engineering services also support power generation, petrochemicals, mechanical engineering, construction and emerging energy applications. Vallourec has developed tubular solutions for geothermal energy, hydrogen, carbon capture and storage, and other lower-carbon technologies, in addition to serving conventional energy infrastructure.

Founded in the late 19th century through the combination of French tube manufacturers, Vallourec has grown into an international group serving customers across Europe, North and South America, the Middle East, Asia and other regions.