Valeo (OTCMKTS:VLEEY) Shares Gap Down – Here’s What Happened

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down prior to trading on Friday . The stock had previously closed at $6.2180, but opened at $5.85. Valeo shares last traded at $5.85, with a volume of 331 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a research report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a research report on Thursday, January 15th. Finally, Sanford C. Bernstein downgraded shares of 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 assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Valeo Trading Down 3.2%

The company has a debt-to-equity ratio of 1.23, a current ratio of 0.79 and a quick ratio of 0.61. The company has a 50-day moving average price of $7.13 and a 200-day moving average price of $6.67.

Valeo Company Profile

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.