Valeo (OTCMKTS:VLEEY) Shares Gap Up – What’s Next?

Valeo S.A. (OTCMKTS:VLEEYGet Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.04, but opened at $7.41. Valeo shares last traded at $7.41, with a volume of 211 shares trading hands.

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Valeo has an average rating of “Hold”.

Get Our Latest Research Report on VLEEY

Valeo Trading Down 3.8%

The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a 50 day simple moving average of $7.60 and a two-hundred day simple moving average of $7.03.

Valeo Company Profile

(Get Free Report)

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.

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