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

Valeo S.A. (OTCMKTS:VLEEY) shares gapped down before the market opened on Monday. The stock had previously closed at $7.9101, but opened at $7.5150. Valeo shares last traded at $7.5150, with a volume of 216 shares traded.

Analysts Set New Price Targets

Several research firms recently issued reports on VLEEY. Morgan Stanley reissued an “overweight” rating on shares of Valeo in a research note on Thursday, July 16th. Citigroup reiterated a “neutral” rating on shares of Valeo in a research note on Tuesday, August 11th. Finally, Jefferies Financial Group raised shares of Valeo from a “hold” rating to a “buy” rating in a research note on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Valeo Trading Down 5.0%

The company has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $7.63.

About Valeo

Valeo SE is a France-based automotive technology company that develops and supplies systems and components for vehicle manufacturers and the automotive aftermarket. Its products support vehicle visibility, electrification, thermal management, powertrain performance, comfort and driving assistance.

The company’s offerings include lighting systems, windshield wipers and other visibility technologies; heating, ventilation and air-conditioning systems; electric powertrain components and charging-related technologies; and advanced driver-assistance systems.