True Velocity, Inc./DE (NASDAQ:YDES) Trading Down 5.5% – Should You Sell?

True Velocity, Inc./DE (NASDAQ:YDES)’s stock price was down 5.5% on Tuesday . The stock traded as low as $11.79 and last traded at $11.98. Approximately 118,159 shares traded hands during mid-day trading, an increase of 117% from the average daily volume of 54,413 shares. The stock had previously closed at $12.68.

Analyst Ratings Changes

Several brokerages recently issued reports on YDES. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of True Velocity, Inc./DE in a research note on Monday, December 29th. Wall Street Zen upgraded True Velocity, Inc./DE to a “sell” rating in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

True Velocity, Inc./DE Stock Performance

About True Velocity, Inc./DE

True Velocity, Inc is a U.S.-based company that develops and manufactures advanced ammunition and cartridge technologies for defense, law enforcement and related markets. The company focuses on lightweight, high-performance cartridge designs and the manufacturing systems required to produce them at scale. True Velocity’s solutions are intended to improve logistics and operational effectiveness by reducing ammunition weight and enabling higher-performance ballistics compared with traditional metallic-cased rounds.

Its product and technology offerings center on polymer-cased and hybrid-case cartridges, along with the engineering, testing and production capabilities needed to support large-volume military and government programs.