Valeo (OTCMKTS:VLEEY) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Valeo S.A. (OTCMKTS:VLEEY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.86 and traded as high as $7.03. Valeo shares last traded at $6.91, with a volume of 721 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on VLEEY. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Valeo in a report on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of Valeo in a research note on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating on shares of Valeo in a research note on Monday, October 27th. Finally, Citigroup reissued a “neutral” rating on shares of Valeo in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Valeo Stock Performance

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’s fifty day moving average is $6.44 and its two-hundred day moving average is $5.86.

Valeo Company Profile

Valeo SE designs, produces, and sells products and systems for automakers in France, other European countries, Africa, North America, South America, and Asia. The company operates through four segments: Comfort & Driving Assistance Systems, Powertrain Systems, Thermal Systems, and Visibility Systems.