Veoneer (NYSE:VNE) Trading Down 3.4%
Veoneer Inc (NYSE:VNE) traded down 3.4% on Thursday . The stock traded as low as $15.27 and last traded at $14.89, 10,962 shares were traded during trading. A decline of 98% from the average session volume of 667,857 shares. The stock had previously closed at $15.41.
Several equities analysts have weighed in on the company. Barclays restated a “buy” rating on shares of Veoneer in a report on Sunday, May 5th. ValuEngine upgraded Veoneer from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. BMO Capital Markets cut their target price on Veoneer to $30.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Zacks Investment Research upgraded Veoneer from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Saturday, July 27th. Finally, Robert W. Baird cut their target price on Veoneer from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $32.92.
The company has a debt-to-equity ratio of 0.13, a current ratio of 3.07 and a quick ratio of 2.80. The business has a 50 day moving average price of $16.86 and a 200 day moving average price of $21.85. The firm has a market capitalization of $1.78 billion and a P/E ratio of -4.71.
About Veoneer (NYSE:VNE)
Veoneer, Inc designs, develops, manufactures, and sells automotive safety electronic products in Asia, the Americas, and Europe. It operates in two segments, Electronics and Brake Systems. The company provides automotive radars, night driving assist systems, positioning systems, advanced driver assistance systems (ADAS), night vision systems, brake control systems, electronic control units, active safety sensors, and controllers; mono-and stereo-vision cameras; and passive safety electronics, such as airbag control units and crash sensors.
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