Velocity Composites (LON:VEL) Releases Earnings Results

by · The Cerbat Gem

Velocity Composites (LON:VEL – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported GBX (2) earnings per share for the quarter, Digital Look Earnings reports. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 40.18%.

Velocity Composites Price Performance

Velocity Composites stock opened at GBX 18.33 on Tuesday. The business has a fifty day moving average price of GBX 16.07 and a 200-day moving average price of GBX 20.01. The firm has a market capitalization of £10.02 million, a P/E ratio of -13.38 and a beta of 1.53. The company has a debt-to-equity ratio of 47.56, a current ratio of 1.63 and a quick ratio of 2.66. Velocity Composites has a one year low of GBX 13 and a one year high of GBX 37.52.

Insider Buying and Selling

In related news, insider Jonathan Karl Bridges sold 333,333 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of GBX 15, for a total transaction of £49,999.95. Corporate insiders own 15.21% of the company’s stock.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on Velocity Composites from GBX 50 to GBX 40 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 40.

View Our Latest Stock Report on VEL

About Velocity Composites

(Get Free Report)

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. The company also offers engineered vacuum bag material kits; and honeycomb, core potting compounds, and co-bonded materials, including hole potting compound kits, cut shape metallic foils and meshes for lightning strike protection/EMI shielding, honeycomb and foam core products, and kitted co-bonded films.

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