Vallourec (OTCMKTS:VLOWY) Reaches New 52-Week High – Here’s Why

Vallourec SA (OTCMKTS:VLOWY) hit a new 52-week high on Wednesday . The company traded as high as $4.85 and last traded at $4.56, with a volume of 947 shares trading hands. The stock had previously closed at $4.43.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group assumed coverage on shares of Vallourec in a research report on Monday, December 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, Vallourec has a consensus rating of “Strong Buy”.

Vallourec Stock Down 6.3%

The business has a 50-day simple moving average of $4.11 and a two-hundred day simple moving average of $3.89. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 12.42 and a beta of 0.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 2.13.

Vallourec Company Profile

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.