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

Valeo S.A. (OTCMKTS:VLEEY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $6.91, but opened at $6.14. Valeo shares last traded at $6.13, with a volume of 536 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on VLEEY. Jefferies Financial Group reaffirmed a “hold” rating on shares of Valeo in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Valeo in a research note on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of Valeo in a research report on Friday, October 31st. Finally, Citigroup reiterated a “neutral” rating on shares of Valeo in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Valeo Price Performance

The company has a fifty day moving average price of $6.44 and a 200-day moving average price of $5.86. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79.

About Valeo

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.