Valeo (OTCMKTS:VLEEY) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Valeo S.A. (OTCMKTS:VLEEY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.21 and traded as high as $6.21. Valeo shares last traded at $6.21, with a volume of 17,640 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on VLEEY. Morgan Stanley raised shares of Valeo to an “overweight” rating in a research note on Thursday, June 26th. Berenberg Bank raised shares of Valeo to a “strong-buy” rating in a report on Thursday, May 1st. Finally, Dbs Bank downgraded shares of Valeo to a “hold” rating in a research report on Wednesday, May 7th.

Valeo Stock Performance

The stock’s 50-day moving average is $5.38 and its 200-day moving average is $5.21. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.81.

Valeo Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Monday, May 26th were issued a $0.1742 dividend. This represents a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, May 23rd.

Valeo Company Profile

Valeo SE designs, produces, and sells products and systems for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.