Vallourec (OTCMKTS:VLOUF) Stock Price Down 3.4% – Here’s Why

Vallourec S.A. (OTCMKTS:VLOUFGet Free Report)’s share price fell 3.4% on Monday . The company traded as low as $20.69 and last traded at $21.14. 489 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 231 shares. The stock had previously closed at $21.8850.

Vallourec Stock Performance

The stock has a 50-day simple moving average of $21.15 and a 200-day simple moving average of $19.32.

Vallourec Company Profile

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Vallourec is a global manufacturer of seamless steel tubing solutions, headquartered in France. The company specializes in the design, production and distribution of high–performance tubular products, catering primarily to the oil and gas, power generation, chemical, petrochemical, automotive and construction industries. Its product portfolio encompasses oil country tubular goods (OCTG), line pipes, mechanical tubing and premium connections developed to withstand the most demanding environments and applications.

Serving both upstream and downstream markets, Vallourec offers integrated services that range from project engineering and metallurgical expertise to on-site technical support.

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