Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Here’s Why

Vallourec SA (OTCMKTS:VLOWY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $3.90, but opened at $3.73. Vallourec shares last traded at $3.73, with a volume of 442 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Vallourec to a “strong-buy” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of “Strong Buy”.

Vallourec Trading Down 1.5%

The firm has a market capitalization of $4.50 billion, a PE ratio of 12.00 and a beta of 1.57. The firm has a 50 day simple moving average of $3.77 and a 200 day simple moving average of $3.77. The company has a current ratio of 2.09, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40.

Vallourec Company Profile

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.