Vallourec (OTCMKTS:VLOWY) Hits New 1-Year High – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $5.05 and last traded at $4.81, with a volume of 31906 shares changing hands. The stock had previously closed at $4.5950.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on Vallourec in a report on Monday, December 15th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to MarketBeat.com, Vallourec presently has a consensus rating of “Strong Buy”.

Vallourec Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27. The stock has a market cap of $5.39 billion, a PE ratio of 12.43 and a beta of 0.36. The firm has a 50-day moving average of $4.17 and a 200-day moving average of $3.91.

About Vallourec

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.