Vallourec SA (OTCMKTS:VLOWY – Get Free Report)’s stock price shot up 4.6% during mid-day trading on Tuesday after Kepler Capital Markets upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $4.31 and last traded at $4.31. Approximately 611 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 101,744 shares. The stock had previously closed at $4.12.
Vallourec Trading Down 0.9%
The firm’s 50 day moving average is $4.29 and its two-hundred day moving average is $5.00. The company has a market cap of $5.70 billion, a P/E ratio of 13.11 and a beta of 0.49. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.
Vallourec (OTCMKTS:VLOWY – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a return on equity of 14.98% and a net margin of 9.49%. The firm had revenue of $1.03 billion during the quarter.
About Vallourec
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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