Vallourec (OTCMKTS:VLOWY) Shares Gap Down – Here’s Why

Vallourec SA (OTCMKTS:VLOWY)’s share price gapped down before the market opened on Friday . The stock had previously closed at $4.9062, but opened at $4.70. Vallourec shares last traded at $4.70, with a volume of 3,300 shares traded.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group began coverage on Vallourec in a research note on Monday, December 15th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Vallourec Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 2.13 and a quick ratio of 1.27. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of 12.42 and a beta of 0.36. The business’s fifty day simple moving average is $4.11 and its 200 day simple moving average is $3.89.

About Vallourec

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.