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

Velocity Composites plc (LON:VEL) insider David Bailey sold 52,313 shares of Velocity Composites stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 25 ($0.33), for a total transaction of £13,078.25 ($17,013.46).

Velocity Composites Trading Down 0.1 %

Shares of Velocity Composites stock opened at GBX 25.48 ($0.33) on Thursday. The stock has a market cap of £13.76 million, a P/E ratio of -5.71 and a beta of 1.53. The company has a quick ratio of 2.66, a current ratio of 1.63 and a debt-to-equity ratio of 47.56. Velocity Composites plc has a 12-month low of GBX 19.60 ($0.25) and a 12-month high of GBX 48 ($0.62). The business’s 50 day moving average is GBX 28.43 and its 200-day moving average is GBX 29.16.

Velocity Composites (LON:VEL) last posted its quarterly earnings results on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) earnings per share (EPS) for the quarter. Velocity Composites had a negative return on equity of 40.18% and a negative net margin of 11.83%. Equities research analysts predict that Velocity Composites plc will post 0.7403055 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on VEL. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 60 ($0.78) target price on shares of Velocity Composites in a research report on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.78) price objective on shares of Velocity Composites in a report 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.