Velocity Composites plc (LON:VEL) Insider Sells £19,786.95 in Stock

Velocity Composites plc (LON:VEL) insider Annette Rothwell sold 73,285 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of GBX 27 ($0.35), for a total value of £19,786.95 ($25,312.72).

Velocity Composites Stock Performance

Shares of Velocity Composites stock opened at GBX 25.34 ($0.32) on Wednesday. The firm has a market capitalization of £13.69 million, a price-to-earnings ratio of -5.68 and a beta of 1.53. Velocity Composites plc has a one year low of GBX 19.60 ($0.25) and a one year high of GBX 48 ($0.61). The business has a 50-day simple moving average of GBX 28.69 and a 200 day simple moving average of GBX 30.37. 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 (LON:VEL) last announced its quarterly earnings data on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) earnings per share for the quarter. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 40.18%. On average, research analysts anticipate that Velocity Composites plc will post 0.7403055 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VEL has been the topic of a number of research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 60 ($0.77) price target on shares of Velocity Composites in a research report on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 60 ($0.77) price objective on shares of Velocity Composites in a research note on Thursday, December 12th.

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.