Vallourec (OTCMKTS:VLOWY) Shares Gap Up – Here’s What Happened

Vallourec SA (OTCMKTS:VLOWY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $4.2550, but opened at $4.3740. Vallourec shares last traded at $4.3740, with a volume of 195 shares trading hands.

Vallourec Stock Performance

The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 13.25 and a beta of 0.51. The stock’s fifty day moving average is $4.52 and its 200-day moving average is $5.04. The company has a quick ratio of 1.37, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.

Vallourec (OTCMKTS:VLOWY) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.04 earnings per share for the quarter. Vallourec had a net margin of 9.49% and a return on equity of 14.98%. The company had revenue of $1.03 billion for the quarter.

About Vallourec

Vallourec is a France-based manufacturer of premium tubular solutions for the energy and industrial markets. The company primarily produces seamless steel tubes, specialized connections and related services used in oil and gas exploration and production, including casing, tubing and line pipe applications.

Its products and engineering services also support power generation, petrochemicals, mechanical engineering, construction and emerging energy applications. Vallourec has developed tubular solutions for geothermal energy, hydrogen, carbon capture and storage, and other lower-carbon technologies, in addition to serving conventional energy infrastructure.

Founded in the late 19th century through the combination of French tube manufacturers, Vallourec has grown into an international group serving customers across Europe, North and South America, the Middle East, Asia and other regions.