Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $4.29, but opened at $4.4550. Vallourec shares last traded at $4.4250, with a volume of 4,364 shares traded.

Vallourec Stock Up 1.4%

The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 13.18 and a beta of 0.51. The firm has a 50 day simple moving average of $4.60 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.

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