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

Shares of Valeo S.A. (OTCMKTS:VLEEYGet Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $8.22, but opened at $9.74. Valeo shares last traded at $9.93, with a volume of 1,237 shares trading hands.

Valeo Price Performance

The stock’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $6.76. 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

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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.

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