Velocity Composites (LON:VEL) Issues Earnings Results

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

Velocity Composites Stock Performance

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

Analyst Ratings Changes

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