Velocity Composites (LON:VEL) Hits New 1-Year Low – Here’s What Happened

Shares of Velocity Composites plc (LON:VEL) reached a new 52-week low on Wednesday . The company traded as low as GBX 13 and last traded at GBX 13.50, with a volume of 23197 shares changing hands. The stock had previously closed at GBX 13.25.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 target price on shares of Velocity Composites in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 40.

Velocity Composites Stock Up 1.9%

The company has a debt-to-equity ratio of 69.71, a current ratio of 1.49 and a quick ratio of 2.66. The stock has a fifty day moving average price of GBX 15.64 and a two-hundred day moving average price of GBX 17.35. The company has a market cap of £7.38 million, a P/E ratio of -6.75 and a beta of 1.53.

Velocity Composites (LON:VEL) last posted its earnings results on Tuesday, January 27th. The company reported GBX (2) earnings per share for the quarter. Velocity Composites had a negative net margin of 5.24% and a negative return on equity of 20.69%. On average, research analysts expect that Velocity Composites plc will post 0.7403055 EPS for the current year.

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. The company also offers engineered vacuum bag material kits; and honeycomb, core potting compounds, and co-bonded materials, including hole potting compound kits, cut shape metallic foils and meshes for lightning strike protection/EMI shielding, honeycomb and foam core products, and kitted co-bonded films.