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Stock News Alert: Valvoline Inc. (NYSE:VVV)

Valvoline Inc. (NYSE:VVV) moved 29.65% to recent value of $11.85. The stock transacted 2994341 shares during most recent day however it has an average volume of 2.07M shares. It spotted trading -50.42% off 52-week high price. On the other end, the stock has been noted 30.79% away from the low price over the last 52-weeks.

On March 24, 2020, Valvoline Inc. (NYSE:VVV) a leading worldwide supplier of premium branded lubricants and automotive services, provided an update on the impacts of and its responses to the novel coronavirus (COVID-19) pandemic.

In this time of unprecedented uncertainty related to the impact of the COVID-19 virus, our top priority remains the health and safety of our employees, customers and business partners, said Sam Mitchell, CEO.

Valvoline’s company-owned and franchised Quick Lubes stores in North America are currently open and fully operational. The Company is committed to keeping as many of its stores open as possible for the communities they serve. Valvoline is also providing various types of financial assistance to support the long-term health of its Quick Lubes franchisee network through this period of uncertainty.

Quick Lubes’ store team members already have minimal contact with customers through the Company’s existing drive-through, stay-in-your-car service experience. Valvoline has also taken additional actions to modify in-store procedures to further reduce direct contact between store teams and customers. The Company is monitoring the situation closely and is prepared to make additional changes as necessary.

VVV has a gross margin of 34.30% and an operating margin of 17.00% while its profit margin remained 9.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -12.50% for this year while earning per share for the next 5-years is expected to reach at 6.50%.

The company has 189.00M of outstanding shares and 187.72M shares were floated in the market. According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of -28.65% from the mean of 20 days, -39.64% from mean of 50 days SMA and performed -43.57% from mean of 200 days price. Company’s performance for the week was -9.82%, -46.01% for month and YTD performance remained -44.65%.

John Gonzalez covers business and finance news. He is the only person we trust to provide breaking news in the finance category. Having already completed an Associates Degree in Psychology, John Gonzalez is now finishing his Bachelor’s degree in Communications. In preparation for working in the advertisement sector, John is writing financial content and analysis. On a daily basis, he works on articles regarding the following topics: business, top trends, technology, and politics.

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