Valeo (OTCMKTS:VLEEY) Shares Gap Up – Here’s Why

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped up before the market opened on Wednesday . The stock had previously closed at $6.02, but opened at $6.27. Valeo shares last traded at $6.27, with a volume of 704 shares.

Wall Street Analyst Weigh In

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

Valeo Trading Down 3.1%

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 company’s 50-day moving average is $7.16 and its 200-day moving average is $6.68.

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.