Velocity Composites plc (LON:VEL) Insider David Bailey Sells 52,313 Shares

Velocity Composites plc (LON:VELGet Free Report) insider David Bailey sold 52,313 shares of the company’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 transaction of £13,078.25 ($16,986.95).

Velocity Composites Stock Performance

LON VEL opened at GBX 25 ($0.32) on Tuesday. The stock has a market cap of £13.50 million, a PE ratio of -5.60 and a beta of 1.53. 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 firm has a 50-day moving average of GBX 28.59 and a 200-day moving average of GBX 29.30. 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:VELGet Free Report) last issued 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%. On average, sell-side analysts anticipate that Velocity Composites plc will post 0.7403055 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on VEL shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.78) price objective on shares of Velocity Composites in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.78) price target on shares of Velocity Composites in a research note on Thursday, December 12th.

Read Our Latest Stock Analysis on VEL

Velocity Composites Company Profile

(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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