VALLOUREC SA/S (OTCMKTS:VLOWY)’s stock price shot up 7.8% during trading on Monday . The stock traded as high as $0.52 and last traded at $0.52, 200 shares changed hands during mid-day trading. A decline of 51% from the average session volume of 405 shares. The stock had previously closed at $0.48.
Several brokerages have commented on VLOWY. Societe Generale downgraded shares of VALLOUREC SA/S from a “buy” rating to a “hold” rating in a report on Monday, September 23rd. Zacks Investment Research raised shares of VALLOUREC SA/S from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. Finally, Morgan Stanley reissued an “underweight” rating on shares of VALLOUREC SA/S in a report on Wednesday, July 3rd.
The company has a current ratio of 1.31, a quick ratio of 0.76 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $1.18 billion, a P/E ratio of -1.99 and a beta of 2.83. The company’s fifty day simple moving average is $0.54 and its 200 day simple moving average is $0.53.
About VALLOUREC SA/S (OTCMKTS:VLOWY)
Vallourec SA, through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in the European Union, North America, South America, Asia, the Middle East, and internationally. It operates through Seamless Tubes and Specialty Products segments. The company produces hot-rolled seamless carbon and alloy steel tubes for the oil and gas, power generation, chemical and petrochemical, and automotive and mechanical engineering industries, as well as produces stainless steel and titanium tubes.
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