Insider Selling: Velocity Composites plc (LON:VEL) Insider Sells 52,313 Shares of Stock

Velocity Composites plc (LON:VELGet Free Report) insider David Bailey sold 52,313 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of GBX 25 ($0.32), for a total value of £13,078.25 ($16,905.70).

Velocity Composites Trading Down 2.0 %

Velocity Composites stock traded down GBX 0.50 ($0.01) during trading hours on Monday, reaching GBX 25 ($0.32). 5,000 shares of the company’s stock were exchanged, compared to its average volume of 87,495. The firm has a market capitalization of £13.50 million, a PE ratio of -5.60 and a beta of 1.53. The firm’s 50 day simple moving average is GBX 28.60 and its 200 day simple moving average is GBX 29.42. The company has a quick ratio of 2.66, a current ratio of 1.63 and a debt-to-equity ratio of 47.56. Velocity Composites plc has a twelve month low of GBX 19.60 ($0.25) and a twelve month high of GBX 48 ($0.62).

Velocity Composites (LON:VELGet Free Report) last released its quarterly earnings data on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) earnings per share (EPS) for the quarter. Velocity Composites had a negative return on equity of 40.18% and a negative net margin of 11.83%. Research analysts predict that Velocity Composites plc will post 0.7403055 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VEL. Canaccord Genuity Group reissued a “buy” rating and set a GBX 60 ($0.78) price target on shares of Velocity Composites in a research report on Thursday, December 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.78) price target on shares of Velocity Composites in a report on Thursday, December 12th.

Read Our Latest Analysis on Velocity Composites

About Velocity Composites

(Get Free Report)

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.

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