Vallourec (OTCMKTS:VLOWY) Stock Price Up 9.8% – Here’s Why

Vallourec SA (OTCMKTS:VLOWY) shot up 9.8% on Wednesday . The stock traded as high as $4.71 and last traded at $4.71. Approximately 14,893 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 105,701 shares. The stock had previously closed at $4.29.

Vallourec Stock Performance

The stock has a 50-day simple moving average of $4.57 and a 200 day simple moving average of $5.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37. The company has a market capitalization of $5.77 billion, a PE ratio of 13.15 and a beta of 0.51.

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

About Vallourec

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.