Valeo (OTCMKTS:VLEEY) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Valeo SE (OTCMKTS:VLEEY)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.00 and traded as high as $5.11. Valeo shares last traded at $5.11, with a volume of 1,138 shares.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VLEEY. Berenberg Bank raised Valeo to a “strong-buy” rating in a research note on Thursday, May 1st. Dbs Bank cut Valeo to a “hold” rating in a research report on Wednesday, May 7th. Finally, BNP Paribas raised Valeo to a “hold” rating in a research report on Thursday, March 13th.

Valeo Trading Down 2.9%

The company has a current ratio of 0.84, a quick ratio of 0.65 and a debt-to-equity ratio of 1.13. The firm has a 50-day simple moving average of $4.91 and a 200-day simple moving average of $5.00.

Valeo Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 26th. Shareholders of record on Monday, May 26th will be given a dividend of $0.1742 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 3.35%.

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.