Insider Selling: Velocity Composites plc (LON:VEL) Insider Sells £13,078.25 in Stock

Velocity Composites plc (LON:VEL) insider David Bailey sold 52,313 shares of Velocity Composites stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 25 ($0.33), for a total transaction of £13,078.25 ($17,013.46).

Velocity Composites Price Performance

LON VEL opened at GBX 25.48 ($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 stock has a market cap of £13.76 million, a price-to-earnings ratio of -5.71 and a beta of 1.53. The business has a 50 day simple moving average of GBX 28.43 and a 200 day simple moving average of GBX 29.16. 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 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%. Analysts anticipate that Velocity Composites plc will post 0.7403055 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 ($0.78) target price on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.78) target price on shares of Velocity Composites in a report on Thursday, December 12th.

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.