Veolia Environnement (OTCMKTS:VEOEY) Shares Gap Down – Here’s Why

Shares of Veolia Environnement SA (OTCMKTS:VEOEY) gapped down before the market opened on Thursday . The stock had previously closed at $19.80, but opened at $19.07. Veolia Environnement shares last traded at $18.98, with a volume of 29,912 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Veolia Environnement to a “hold” rating in a research report on Tuesday, July 21st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Veolia Environnement Stock Down 4.2%

The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 1.54. The company has a 50-day moving average price of $20.51 and a 200 day moving average price of $20.16.

About Veolia Environnement

Veolia Environnement (OTCMKTS: VEOEY) is a multinational environmental services company headquartered in France that provides a broad range of water, waste and energy management solutions to municipal and industrial customers. Its core activities include water supply and wastewater treatment, collection and recovery of solid and hazardous waste, and energy services such as district heating and industrial energy optimization. The company also develops circular economy and recycling programs, environmental engineering, and operational maintenance services aimed at improving resource efficiency and reducing environmental impact.

Veolia serves public-sector clients and private businesses across many regions worldwide, with operations spanning Europe, the Americas, Asia, Africa and the Middle East.