Velocity Composites (LON:VEL) Reaches New 52-Week Low – Time to Sell?

Velocity Composites plc (LON:VEL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as GBX 13.56 and last traded at GBX 13.56, with a volume of 40772 shares. The stock had previously closed at GBX 14.15.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their price objective on Velocity Composites from GBX 50 to GBX 40 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 40.

Velocity Composites Stock Down 4.2%

The company has a market cap of £7.41 million, a price-to-earnings ratio of -9.89 and a beta of 1.53. The business has a fifty day moving average of GBX 18.96 and a two-hundred day moving average of GBX 23.09. The company has a current ratio of 1.63, a quick ratio of 2.66 and a debt-to-equity ratio of 47.56.

Insider Buying and Selling at Velocity Composites

In related news, insider Jonathan Karl Bridges sold 333,333 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of GBX 15, for a total value of £49,999.95. 15.21% of the stock is currently owned by company insiders.

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.