Velocity Composites plc (LON:VEL - Get Free Report) insider David Bailey sold 52,313 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 25 ($0.32), for a total value of £13,078.25 ($16,986.95).
Velocity Composites Stock Performance
LON VEL opened at GBX 25 ($0.32) on Tuesday. The firm's 50 day simple moving average is GBX 28.59 and its 200 day simple moving average is GBX 29.30. The firm has a market capitalization of £13.50 million, a price-to-earnings ratio of -5.60 and a beta of 1.53. The company has a current ratio of 1.63, a quick ratio of 2.66 and a debt-to-equity ratio of 47.56. Velocity Composites plc has a 1 year low of GBX 19.60 ($0.25) and a 1 year high of GBX 48 ($0.62).
Velocity Composites (LON:VEL - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) earnings per share for the quarter. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 40.18%. As a group, research analysts expect that Velocity Composites plc will post 0.7403055 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on VEL shares. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 60 ($0.78) price objective on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 60 ($0.78) price target on shares of Velocity Composites in a research note on Thursday, December 12th.
Read Our Latest Report on VEL
Velocity Composites Company Profile
(
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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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