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Valeo (OTCMKTS:VLEEY) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

Valeo logo with Auto/Tires/Trucks background

Shares of 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 $5.00 and traded as high as $5.11. Valeo shares last traded at $5.11, with a volume of 1,138 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VLEEY shares. Dbs Bank cut shares of Valeo to a "hold" rating in a research report on Wednesday, May 7th. Berenberg Bank raised Valeo to a "strong-buy" rating in a research note on Thursday, May 1st. Finally, BNP Paribas raised Valeo to a "hold" rating in a research report on Thursday, March 13th.

Check Out Our Latest Analysis on Valeo

Valeo Price Performance

The business has a 50-day simple moving average of $4.95 and a two-hundred day simple moving average of $5.03. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.62 and a current ratio of 0.81.

Valeo Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, June 26th. Stockholders of record on Monday, May 26th will be given a $0.1742 dividend. This represents a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, May 23rd.

Valeo Company Profile

(Get Free Report)

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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