Velocity Composites (LON:VEL) Reaches New 52-Week Low – Here’s Why

Velocity Composites plc (LON:VEL)’s stock price reached a new 52-week low on Wednesday . The company traded as low as GBX 12 and last traded at GBX 13.84, with a volume of 130215 shares. The stock had previously closed at GBX 15.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 target price on shares of Velocity Composites in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of GBX 40.

Velocity Composites Stock Performance

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 company has a market cap of £7.56 million, a PE ratio of -6.92 and a beta of 1.14. The business has a fifty day simple moving average of GBX 13.88 and a two-hundred day simple moving average of GBX 15.05.

Velocity Composites (LON:VEL) last announced its quarterly earnings results on Wednesday, June 24th. The company reported GBX (1.89) earnings per share (EPS) for the quarter. The company had revenue of GBX 844 million during the quarter. Velocity Composites had a negative net margin of 5.24% and a negative return on equity of 20.69%. Research analysts anticipate that Velocity Composites plc will post 0.7403055 earnings per share for the current year.

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. 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.