Vallourec (OTCMKTS:VLOUF) Shares Down 1.2% – Here’s What Happened

Vallourec S.A. (OTCMKTS:VLOUFGet Free Report) dropped 1.2% during mid-day trading on Wednesday . The stock traded as low as $20.7660 and last traded at $20.7660. Approximately 261 shares were traded during trading, an increase of 57% from the average daily volume of 166 shares. The stock had previously closed at $21.02.

Vallourec Price Performance

The firm has a 50-day moving average of $18.77 and a two-hundred day moving average of $18.78.

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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