Velocity Composites (LON:VEL) Announces Earnings Results

Velocity Composites (LON:VEL) released its quarterly earnings results on Monday. The company reported GBX (1.20) (($0.02)) EPS for the quarter, Bloomberg Earnings reports.

VEL stock traded down GBX 0.50 ($0.01) during midday trading on Wednesday, reaching GBX 22 ($0.29). The company had a trading volume of 1,055 shares, compared to its average volume of 60,254. The company has a quick ratio of 1.94, a current ratio of 2.50 and a debt-to-equity ratio of 9.75. Velocity Composites has a 1 year low of GBX 18.06 ($0.24) and a 1 year high of GBX 71 ($0.93). The company has a market cap of $7.90 million and a P/E ratio of -7.33. The company’s 50-day moving average is GBX 21.32.

Separately, FinnCap reissued a “corporate” rating on shares of Velocity Composites in a research note on Thursday, May 9th.

About Velocity Composites

Velocity Composites plc manufactures advanced carbon fiber and ancillary material kits for use in the production of aircraft in the United Kingdom. It offers 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.

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