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

Key Points

• Shares of Valeo gapped up to $6.10 from a prior close of $5.85, last trading at $6.10 on a volume of 1,231 shares and showing about a 3.1% intraday increase.
• Analyst consensus is a Hold (1 Strong Buy, 1 Buy, 5 Hold), with recent activity including Morgan Stanley's "Overweight" and Sanford C. Bernstein's downgrade to "Hold."
• Technically, the stock sits below its 50-day moving average ($7.09) and near its 200-day average ($6.67); the company has moderate leverage and tight liquidity with a debt-to-equity of 1.23, quick ratio 0.61 and current ratio 0.79.

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $5.85, but opened at $6.10. Valeo shares last traded at $6.10, with a volume of 1,231 shares traded.

Analyst Ratings Changes

Several research firms have recently issued reports on VLEEY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Valeo in a research note on Thursday, January 15th. Morgan Stanley restated an "overweight" rating on shares of Valeo in a report on Thursday, January 8th. Finally, Sanford C. Bernstein downgraded Valeo from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

Valeo Stock Up 3.1%

The firm has a 50-day moving average of $7.09 and a two-hundred day moving average of $6.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.61 and a current ratio of 0.79.

About Valeo

Valeo is a global automotive supplier headquartered in the Paris region, with its American depositary shares trading OTC under the symbol VLEEY. Founded in France in the early 20th century, the company has grown to serve original equipment manufacturers, automakers and the aftermarket with a comprehensive portfolio of mobility solutions. Valeo's mission centers on providing innovative systems and components that enhance vehicle performance, safety and environmental sustainability.

The company operates across four main business segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.