Valeo (OTCMKTS:VLEEY) Shares Gap Down – What’s Next?

Shares of Valeo S.A. (OTCMKTS:VLEEY) gapped down before the market opened on Monday. The stock had previously closed at $6.47, but opened at $6.20. Valeo shares last traded at $6.20, with a volume of 30,644 shares.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Citigroup reissued a “neutral” rating on shares of Valeo in a research report on Tuesday, August 11th. Jefferies Financial Group upgraded shares of Valeo from a “hold” rating to a “buy” rating in a research report on Tuesday, September 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Valeo in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Valeo currently has an average rating of “Hold”.

Valeo Trading Up 0.6%

The firm has a fifty day simple moving average of $7.90 and a 200-day simple moving average of $7.39.

Valeo Company Profile

Valeo SE is a France-based automotive technology supplier that develops and manufactures systems and components for vehicle manufacturers and the automotive aftermarket. The company supplies products designed to support vehicle electrification, driver assistance, safety, comfort and improved energy efficiency.

Its product portfolio includes electric powertrain and charging technologies, thermal-management systems, lighting and visibility products, electrical and electronic systems, and advanced driver-assistance technologies.