Vallourec (OTCMKTS:VLOWY) Shares Down 9.2% – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWYGet Free Report) dropped 9.2% during mid-day trading on Wednesday . The stock traded as low as $4.8850 and last traded at $4.8850. 2,193 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 110,440 shares. The stock had previously closed at $5.38.

Vallourec Trading Down 1.2%

The company has a quick ratio of 1.58, a current ratio of 2.43 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 14.79 and a beta of 0.41. The business has a 50-day moving average of $5.72 and a two-hundred day moving average of $4.86.

Vallourec (OTCMKTS:VLOWYGet Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The energy company reported $0.08 EPS for the quarter. Vallourec had a return on equity of 15.40% and a net margin of 9.45%.The firm had revenue of $1.14 billion during the quarter.

About Vallourec

(Get Free Report)

Vallourec is a global leader in the design, manufacturing and distribution of premium tubular solutions for the oil and gas, power generation, industrial and construction markets. Headquartered in Saint-Saulve, France, the company specializes in seamless steel pipes and associated services that support exploration, drilling, production and infrastructure projects around the world.

The company’s product portfolio encompasses drill pipes, casing and tubing, line pipe as well as mechanical and cold-rolled precision tubes.

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