Velocity Composites plc (LON:VEL) Insider Annette Rothwell Sells 73,285 Shares of Stock

Velocity Composites plc (LON:VEL) insider Annette Rothwell sold 73,285 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of GBX 27 ($0.35), for a total value of £19,786.95 ($25,505.22).

Velocity Composites Price Performance

VEL stock opened at GBX 25.34 ($0.33) on Thursday. The company has a debt-to-equity ratio of 47.56, a quick ratio of 2.66 and a current ratio of 1.63. The business has a 50-day simple moving average of GBX 28.67 and a two-hundred day simple moving average of GBX 30.27. The company has a market capitalization of £13.69 million, a P/E ratio of -5.68 and a beta of 1.53. Velocity Composites plc has a 52-week low of GBX 19.60 ($0.25) and a 52-week high of GBX 48 ($0.62).

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on VEL shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 ($0.77) price target on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 60 ($0.77) price objective on shares of Velocity Composites in a report on Thursday, December 12th.

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.