David Bailey Sells 52,313 Shares of Velocity Composites plc (LON:VEL) Stock

Velocity Composites plc (LON:VELGet Free Report) insider David Bailey sold 52,313 shares of Velocity Composites stock in a transaction 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 ($16,905.70).

Velocity Composites Stock Down 2.0 %

LON VEL traded down GBX 0.50 ($0.01) on Monday, reaching GBX 25 ($0.32). The stock had a trading volume of 5,000 shares, compared to its average volume of 87,495. The business has a 50 day moving average price of GBX 28.60 and a 200 day moving average price of GBX 29.42. 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). The company has a market capitalization of £13.50 million, a price-to-earnings ratio of -5.60 and a beta of 1.53.

Velocity Composites (LON:VELGet Free Report) last issued its earnings results on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) EPS for the quarter. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 40.18%. On average, analysts forecast that Velocity Composites plc will post 0.7403055 EPS for the current fiscal year.

Analyst Ratings Changes

VEL has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.78) price target on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.78) target price on shares of Velocity Composites in a research note on Thursday, December 12th.

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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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