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

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down before the market opened on Tuesday . The stock had previously closed at $6.87, but opened at $6.5350. Valeo shares last traded at $6.5350, with a volume of 9,461 shares.

Wall Street Analysts Forecast Growth

VLEEY has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a research note on Thursday, January 15th. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Valeo Stock Performance

The stock has a 50-day moving average of $6.55 and a 200 day moving average of $6.67. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.66.

About Valeo

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.