Vallourec (OTCMKTS:VLOWY) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Vallourec S.A. (OTCMKTS:VLOWY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.52 and traded as high as $4.07. Vallourec shares last traded at $4.00, with a volume of 9,276 shares changing hands.

Vallourec Trading Up 3.1 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.04 and a current ratio of 1.79. The company has a market cap of $4.68 billion, a price-to-earnings ratio of 11.43 and a beta of 1.42. The company’s fifty day moving average is $3.90 and its two-hundred day moving average is $3.52.

Vallourec (OTCMKTS:VLOWY) last released its quarterly earnings data on Thursday, February 27th. The energy company reported $0.14 earnings per share for the quarter. The firm had revenue of $1.14 billion for the quarter. Vallourec had a net margin of 9.28% and a return on equity of 16.77%. On average, research analysts anticipate that Vallourec S.A. will post 0.36 EPS for the current year.

About Vallourec

Vallourec SA, through its subsidiaries, provides tubular solutions for the oil and gas, industry, and energy markets in Europe, North America, South America, Asia, the Middle East, and internationally. It operates through Tubes; Mine & Forests; and Holding Companies & Other segments. The company offers seamless tubes for refineries, petrochemical facilities, and floating liquefied natural gas plants, as well as production, storage, and offloading units; VAM connections; rigid subsea line pipes and onshore rigid line pipes; and carbon steel and steel alloy tubes, hollow bars, and connections.