Vallourec (OTCMKTS:VLOUF) Trading Up 10.5% – Here’s Why

Vallourec S.A. (OTCMKTS:VLOUF) shares were up 10.5% on Monday . The stock traded as high as $28.95 and last traded at $28.95. Approximately 200 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 252 shares. The stock had previously closed at $26.20.

Vallourec Stock Up 10.5%

The company has a fifty day moving average of $22.68 and a two-hundred day moving average of $20.17.

About Vallourec

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.