Valeo (OTCMKTS:VLEEY) Shares Gap Up – Time to Buy?

Valeo S.A. (OTCMKTS:VLEEY)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $6.62, but opened at $6.8980. Valeo shares last traded at $6.8980, with a volume of 275 shares.

Wall Street Analyst Weigh In

VLEEY has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered Valeo from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Jefferies Financial Group reissued a “hold” rating on shares of Valeo in a research note on Monday, October 27th. Citigroup restated a “neutral” rating on shares of Valeo in a report on Monday, October 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Valeo in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Valeo Stock Up 4.1%

The company has a current ratio of 0.79, a quick ratio of 0.61 and a debt-to-equity ratio of 1.23. The firm has a 50-day simple moving average of $6.62 and a 200 day simple moving average of $6.10.

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.