Velocity Composites plc (LON:VEL - Get Free Report) insider Jonathan Karl Bridges sold 150,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of GBX 25 ($0.32), for a total transaction of £37,500 ($48,631.82).
Velocity Composites Price Performance
LON:VEL opened at GBX 24 ($0.31) on Tuesday. Velocity Composites plc has a 52 week low of GBX 24 ($0.31) and a 52 week high of GBX 48 ($0.62). The firm has a market cap of £12.83 million, a price-to-earnings ratio of -305.00 and a beta of 1.53. The firm's 50-day simple moving average is GBX 35.69 and its 200 day simple moving average is GBX 37.92. The company has a debt-to-equity ratio of 50.50, a quick ratio of 2.66 and a current ratio of 1.75.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lowered their target price on shares of Velocity Composites from GBX 70 ($0.91) to GBX 60 ($0.78) and set a "buy" rating on the stock in a report on Wednesday, September 18th.
Check Out Our Latest Stock Analysis on Velocity Composites
About Velocity Composites
(
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Velocity Composites plc, together with its subsidiaries, offers engineered composite material kits to the aerospace industry in the United Kingdom, Europe, the United States, and internationally. It provides structural material kits, such as ply generation, shape management and configuration control, life management, and cutting and supply service, as well as materials comprising woven fabrics, unidirectional fabrics, impregnated metallic meshes, and film adhesives.
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