Valeo (OTCMKTS:VLEEY) Reaches New 12-Month High – Here’s What Happened

Shares of Valeo S.A. (OTCMKTS:VLEEY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $7.82 and last traded at $7.82, with a volume of 149 shares trading hands. The stock had previously closed at $7.54.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on VLEEY. Sanford C. Bernstein cut shares of 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a research report on Thursday, January 15th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Valeo in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Valeo currently has an average rating of “Hold”.

Valeo Stock Performance

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.79 and a quick ratio of 0.61. The business has a 50 day moving average price of $6.91 and a 200-day moving average price of $6.46.

About Valeo

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.