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Valeo (OTCMKTS:VLEEY) Share Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Valeo logo with Auto/Tires/Trucks background

Valeo S.A. (OTCMKTS:VLEEY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.12 and traded as high as $5.51. Valeo shares last traded at $5.46, with a volume of 16,471 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VLEEY shares. Morgan Stanley raised Valeo to an "overweight" rating in a research report on Thursday, June 26th. Dbs Bank cut Valeo to a "hold" rating in a research note on Wednesday, May 7th. Berenberg Bank upgraded Valeo to a "strong-buy" rating in a report on Thursday, May 1st. Finally, BNP Paribas upgraded Valeo to a "hold" rating in a report on Thursday, March 13th.

View Our Latest Stock Report on VLEEY

Valeo Trading Up 3.2%

The firm has a 50-day simple moving average of $5.21 and a 200-day simple moving average of $5.13. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.08.

Valeo Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, June 26th. Shareholders of record on Monday, May 26th were issued a $0.1742 dividend. 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.

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