Valeo (OTCMKTS:VLEEY) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Valeo S.A. has recently crossed above its 200-day moving average of $5.45, with shares trading at a high of $5.83.
• Wall Street analysts have varying opinions on Valeo, with one analyst giving it a Strong Buy rating and others mostly issuing Hold ratings, leading to a consensus of "Moderate Buy".
• The company's operations span globally, producing products for automakers through its four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.45 and traded as high as $5.83. Valeo shares last traded at $5.83, with a volume of 2,526 shares changing hands.

Wall Street Analyst Weigh In

VLEEY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Valeo in a report on Friday, July 25th. Morgan Stanley raised shares of Valeo to an "overweight" rating in a research report on Thursday, June 26th. Finally, Citigroup reissued a "neutral" rating on shares of Valeo in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Valeo Price Performance

The firm's 50-day simple moving average is $6.08 and its 200 day simple moving average is $5.45.

Valeo Company Profile

Valeo SE designs, produces, and sells products and systems for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.

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