Velocity Composites (LON:VEL) Reaches New 52-Week Low – Here’s What Happened
by Sarita Garza · The Markets DailyVelocity Composites plc (LON:VEL – Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 13 and last traded at GBX 13, with a volume of 62180 shares traded. The stock had previously closed at GBX 13.50.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 price objective on shares of Velocity Composites in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 40.
View Our Latest Research Report on VEL
Velocity Composites Trading Down 3.7%
The firm has a market capitalization of £7.11 million, a price-to-earnings ratio of -6.50 and a beta of 1.53. The business’s fifty day moving average is GBX 16.11 and its 200 day moving average is GBX 17.59. The company has a quick ratio of 2.66, a current ratio of 1.49 and a debt-to-equity ratio of 69.71.
Velocity Composites (LON:VEL – Get Free Report) last announced its earnings results on Tuesday, January 27th. The company reported GBX (2) earnings per share for the quarter. Velocity Composites had a negative return on equity of 20.69% and a negative net margin of 5.24%. Equities analysts predict that Velocity Composites plc will post 0.7403055 earnings per share for the current year.
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. 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.