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

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down before the market opened on Thursday. The stock had previously closed at $8.1220, but opened at $7.50. Valeo shares last traded at $7.50, with a volume of 348 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on VLEEY shares. Jefferies Financial Group upgraded Valeo from a “hold” rating to a “buy” rating in a report on Tuesday, September 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Valeo in a report on Thursday, July 16th. Finally, Citigroup restated a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Valeo Price Performance

The firm has a 50-day moving average of $8.34 and a 200 day moving average of $7.55.

Valeo Company Profile

Valeo SE is a France-based automotive technology company that develops and supplies systems and components for vehicle manufacturers and the automotive aftermarket. Its products support vehicle visibility, electrification, thermal management, powertrain performance, comfort and driving assistance.

The company’s offerings include lighting systems, windshield wipers and other visibility technologies; heating, ventilation and air-conditioning systems; electric powertrain components and charging-related technologies; and advanced driver-assistance systems.