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

Valeo logo with Auto/Tires/Trucks background

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $5.89, but opened at $5.67. Valeo shares last traded at $5.77, with a volume of 340 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on VLEEY shares. Dbs Bank lowered shares of Valeo to a "hold" rating in a research note on Wednesday, May 7th. Berenberg Bank raised Valeo to a "strong-buy" rating in a report on Thursday, May 1st. Finally, Morgan Stanley upgraded Valeo to an "overweight" rating in a research note on Thursday, June 26th.

Get Our Latest Stock Report on Valeo

Valeo Stock Performance

The company's 50-day simple moving average is $5.40 and its two-hundred day simple moving average is $5.23. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.81 and a quick ratio of 0.62.

Valeo Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, June 26th. Investors of record on Monday, May 26th were given a dividend of $0.1742 per share. The ex-dividend date of this dividend 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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