|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.89 - 25.98|
|52 Week Range||10.51 - 37.02|
|Beta (5Y Monthly)||2.07|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (0.86%)|
|Ex-Dividend Date||Jun 29, 2020|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has today confirmed the Baa3 long-term issuer rating and senior unsecured ratings as well as the P-3 commercial paper rating of the French automotive parts supplier Valeo S.A. (Valeo). The outlook on the ratings changed to negative from ratings under review.
Carmakers across the U.S. have begun to start production since last week, but bankruptcies among their suppliers could mean they will struggle to source individual parts and components for their assembly lines.
A cluster of big name hedge funds have started betting against French companies, moving in after the lifting of a short-selling ban imposed earlier this year to calm financial markets, an analysis of regulatory filings showed. France joined Italy, Spain, Belgium, Austria and Greece in dropping short-selling bans last week. Hedge funds engage in so-called "short-selling" by borrowing a stock from an institutional investor, such as a pension fund, and selling it back when the shares fall, pocketing the profit.