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Valeo (OTCMKTS:VLEEY) Trading Down 3.4% - Here's What Happened

Valeo logo with Auto/Tires/Trucks background

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report)'s stock price was down 3.4% on Thursday . The stock traded as low as $5.54 and last traded at $5.54. Approximately 14,734 shares changed hands during trading, an increase of 15% from the average daily volume of 12,868 shares. The stock had previously closed at $5.74.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VLEEY. Dbs Bank downgraded Valeo to a "hold" rating in a research report on Wednesday, May 7th. BNP Paribas upgraded shares of Valeo to a "hold" rating in a report on Thursday, March 13th. Morgan Stanley raised shares of Valeo to an "overweight" rating in a research note on Thursday, June 26th. Finally, Berenberg Bank raised shares of Valeo to a "strong-buy" rating in a research report on Thursday, May 1st.

View Our Latest Research Report on VLEEY

Valeo Trading Down 3.4%

The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.08. The firm has a fifty day moving average price of $5.18 and a two-hundred day moving average price of $5.11.

Valeo Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, May 26th were paid a $0.1742 dividend. The ex-dividend date was Friday, May 23rd. This represents a yield of 3.35%.

About Valeo

(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.

Further Reading

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