Velocity Composites (LON:VEL) Releases Earnings Results

Velocity Composites (LON:VEL) posted its quarterly earnings data on Wednesday. The company reported GBX (1.58) (($0.02)) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 59.20%.

Velocity Composites Price Performance

VEL traded up GBX 0.25 ($0.00) on Friday, reaching GBX 31.75 ($0.39). 37,244 shares of the company’s stock were exchanged, compared to its average volume of 121,967. The company has a debt-to-equity ratio of 50.50, a current ratio of 1.75 and a quick ratio of 2.66. The stock’s fifty day moving average price is GBX 26.43 and its 200-day moving average price is GBX 32.78. The stock has a market cap of £16.98 million, a PE ratio of -396.88 and a beta of 1.53. Velocity Composites has a twelve month low of GBX 19.60 ($0.24) and a twelve month high of GBX 48 ($0.60).

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 ($0.75) price target on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 60 ($0.75) target price on shares of Velocity Composites in a research report on Thursday, December 12th.

Velocity Composites Company Profile

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.