Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY – Get Free Report) gapped up before the market opened on Monday. The stock had previously closed at $4.03, but opened at $4.31. Vallourec shares last traded at $4.31, with a volume of 300 shares traded.

Vallourec Trading Up 3.3%

The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 12.68 and a beta of 0.49. The business’s 50-day moving average price is $4.31 and its 200 day moving average price is $5.00. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.14 and a quick ratio of 1.37.

Vallourec (OTCMKTS:VLOWY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%. The business had revenue of $1.03 billion during the quarter.

Vallourec Company Profile

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Vallourec is a France-based manufacturer and provider of premium tubular solutions. The company primarily produces seamless steel tubes and related products for the energy industry, including oil and natural gas exploration and production, drilling, well construction and completion. Its offerings are designed for demanding applications such as high-pressure, high-temperature and corrosive environments.

In addition to serving the oil and gas sector, Vallourec supplies tubes and tubular solutions for industrial applications, including power generation, mechanical engineering and other specialized markets.

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