Velocity Composites (LON:VEL) Sets New 1-Year Low at $28.00

Velocity Composites plc (LON:VEL)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 28 ($0.35) and last traded at GBX 28 ($0.35), with a volume of 58989 shares changing hands. The stock had previously closed at GBX 29.25 ($0.36).

Velocity Composites Price Performance

The company has a debt-to-equity ratio of 55.04, a current ratio of 1.72 and a quick ratio of 2.66. The company’s 50-day simple moving average is GBX 32.86 and its 200-day simple moving average is GBX 35.74. The company has a market cap of £16.22 million, a price-to-earnings ratio of -379.25 and a beta of 1.61.

Insider Buying and Selling at Velocity Composites

In other news, insider Andrew Beaden acquired 12,500 shares of the stock in a transaction on Friday, April 5th. The stock was bought at an average price of GBX 31 ($0.39) per share, with a total value of £3,875 ($4,823.85). 50.03% of the stock is owned by corporate insiders.

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.