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

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down prior to trading on Monday . The stock had previously closed at $8.80, but opened at $8.4440. Valeo shares last traded at $8.4140, with a volume of 808 shares changing hands.

Analyst Upgrades and Downgrades

VLEEY has been the subject of several research reports. Citigroup reaffirmed a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. Jefferies Financial Group upgraded shares of Valeo from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Morgan Stanley restated an “overweight” rating on shares of Valeo in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Valeo Trading Down 0.9%

The firm’s 50 day moving average is $8.21 and its 200-day moving average is $7.38. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.66 and a current ratio of 0.86.

About Valeo

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company’s portfolio includes driver-assistance and automated-driving technologies, vehicle lighting, electrical and electronic systems, thermal-management solutions, and powertrain technologies supporting vehicle electrification.

Valeo supplies products for passenger cars and commercial vehicles, with offerings designed for conventional, hybrid, and electric vehicles.