Valeo (OTCMKTS:VLEEY) Shares Gap Down - Here's Why

Key Points

• Valeo S.A. shares gapped down from a previous closing price of $6.71 to open at $6.48, with current trading reflecting a volume of 2,017 shares.
• Analyst ratings for Valeo include one Strong Buy, one Buy, and three Hold ratings, resulting in a consensus rating of "Moderate Buy".
• The company's financial ratios indicate some challenges, with a current ratio of 0.81 and a debt-to-equity ratio of 1.08.

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $6.71, but opened at $6.48. Valeo shares last traded at $6.48, with a volume of 2,017 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley upgraded Valeo to an "overweight" rating in a research report on Thursday, June 26th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Valeo in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Valeo has a consensus rating of "Moderate Buy".

Valeo Price Performance

The company has a fifty day moving average of $5.94 and a two-hundred day moving average of $5.37. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.08.

About Valeo

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.