Valeo (OTCMKTS:VLEEY) Sees Large Volume Increase – Should You Buy?

Shares of Valeo S.A. (OTCMKTS:VLEEY) saw strong trading volume on Monday . 6,937 shares traded hands during mid-day trading, an increase of 278% from the previous session’s volume of 1,834 shares.The stock last traded at $7.13 and had previously closed at $6.99.

Analysts Set New Price Targets

A number of brokerages have issued reports on VLEEY. Sanford C. Bernstein cut Valeo from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Valeo in a research note on Thursday, January 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Valeo in a research report on Monday, October 27th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Valeo in a report on Thursday, January 8th. One equities 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 company. According to data from MarketBeat.com, Valeo presently has a consensus rating of “Hold”.

Valeo Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.23. The firm’s fifty day simple moving average is $6.84 and its 200-day simple moving average is $6.42.

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.