Valeo (OTCMKTS:VLEEY) Shares Gap Down – Time to Sell?

Valeo S.A. (OTCMKTS:VLEEY – Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $6.47, but opened at $6.20. Valeo shares last traded at $6.20, with a volume of 30,644 shares trading hands.

Analysts Set New Price Targets

VLEEY has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Valeo from a “hold” rating to a “buy” rating in a report on Tuesday, September 22nd. Citigroup reaffirmed a “neutral” rating on shares of Valeo in a report on Tuesday, August 11th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Valeo has a consensus rating of “Hold”.

Read Our Latest Stock Report on Valeo

Valeo Stock Up 1.5%

The company has a 50 day moving average of $7.82 and a 200-day moving average of $7.38.

About Valeo

(Get Free Report)

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company supplies products designed to support vehicle electrification, driver assistance, safety, comfort and improved energy efficiency.

Its product portfolio includes electric powertrain and charging technologies, thermal-management systems, lighting and visibility products, electrical and electronic systems, and advanced driver-assistance technologies.

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