Insider Selling: Velocity Composites plc (LON:VEL) Insider Sells 150,000 Shares of Stock

Velocity Composites plc (LON:VEL) insider Jonathan Karl Bridges sold 150,000 shares of Velocity Composites stock in a transaction dated Friday, November 1st. The stock was sold at an average price of GBX 25 ($0.32), for a total value of £37,500 ($48,631.82).

Velocity Composites Trading Down 5.2 %

VEL stock traded down GBX 1.35 ($0.02) during trading on Monday, hitting GBX 24.40 ($0.32). 260,215 shares of the company traded hands, compared to its average volume of 39,865. The firm has a market capitalization of £13.05 million, a PE ratio of -305.00 and a beta of 1.53. Velocity Composites plc has a 1 year low of GBX 24 ($0.31) and a 1 year high of GBX 48 ($0.62). The company has a 50-day moving average of GBX 35.69 and a 200-day moving average of GBX 37.92. The company has a debt-to-equity ratio of 50.50, a quick ratio of 2.66 and a current ratio of 1.75.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price target on Velocity Composites from GBX 70 ($0.91) to GBX 60 ($0.78) and set a “buy” rating for the company in a research note on Wednesday, September 18th.

About Velocity Composites

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.