Vallourec (OTCMKTS:VLOWY) Share Price Breaks Below Fifty Day Moving Average - Here's Why

Key Points

• Vallourec shares fell below their 50-day moving average, trading as low as $3.98 and last changing hands at $4.035, down 2.7%. The stock’s 50-day average is $4.26, while its 200-day average is $4.96.
• Despite the technical weakness, Kepler Capital Markets upgraded Vallourec from “hold” to “strong buy.” The two analysts covering the stock assign it a consensus “Strong Buy” rating.
• Vallourec reported quarterly revenue of $1.03 billion and earnings of $0.04 per share, with a 9.49% net margin and 14.98% return on equity.

Vallourec SA (OTCMKTS:VLOWY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.26 and traded as low as $3.98. Vallourec shares last traded at $4.0350, with a volume of 70,585 shares.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets upgraded shares of Vallourec from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Vallourec Stock Down 2.7%

The company has a market capitalization of $5.36 billion, a PE ratio of 12.23 and a beta of 0.49. The firm's 50-day simple moving average is $4.26 and its 200 day simple moving average is $4.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.37 and a current ratio of 2.14.

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

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial sectors. The company primarily produces seamless steel tubes, connections and related services used in oil and natural gas wells, pipelines, power generation, mechanical engineering and other demanding applications.

Its product portfolio includes oil country tubular goods, premium threaded connections, line pipe and specialty tubes designed for challenging operating environments. Vallourec also develops tubular products and services for lower-carbon and energy-transition applications, including geothermal energy, hydrogen, carbon capture and storage, and other renewable or industrial uses.

Vallourec traces its origins to the French steel and tube industry and has expanded into an international business serving customers across North America, South America, Europe, the Middle East, Asia and other markets.

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