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

Valeo S.A. (OTCMKTS:VLEEY) gapped down before the market opened on Friday . The stock had previously closed at $6.2180, but opened at $5.85. Valeo shares last traded at $5.85, with a volume of 331 shares.

Analysts Set New Price Targets

VLEEY has been the subject of a number of analyst reports. Sanford C. Bernstein downgraded Valeo from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Valeo in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Valeo Price Performance

The stock’s 50-day moving average price is $7.13 and its 200-day moving average price is $6.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79.

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.