True Velocity, Inc./DE (NASDAQ:YDES) Sees Strong Trading Volume – What’s Next?

True Velocity, Inc./DE (NASDAQ:YDES) saw unusually-strong trading volume on Monday . Approximately 33,810 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 22,759 shares.The stock last traded at $12.20 and had previously closed at $12.00.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on YDES shares. Wall Street Zen upgraded True Velocity, Inc./DE to a “sell” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of True Velocity, Inc./DE in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, True Velocity, Inc./DE has a consensus rating of “Sell”.

True Velocity, Inc./DE Stock Up 2.3%

About True Velocity, Inc./DE

True Velocity, Inc is a U.S.-based company that develops and manufactures advanced ammunition and cartridge technologies for defense, law enforcement and related markets. The company focuses on lightweight, high-performance cartridge designs and the manufacturing systems required to produce them at scale. True Velocity’s solutions are intended to improve logistics and operational effectiveness by reducing ammunition weight and enabling higher-performance ballistics compared with traditional metallic-cased rounds.

Its product and technology offerings center on polymer-cased and hybrid-case cartridges, along with the engineering, testing and production capabilities needed to support large-volume military and government programs.