Velocity Composites (LON:VEL – Get Free Report) released its quarterly earnings data on Wednesday. The company reported GBX (1.89) earnings per share for the quarter, Digital Look Earnings reports. Velocity Composites had a negative net margin of 5.24% and a negative return on equity of 20.69%. The business had revenue of GBX 844 million during the quarter.
Velocity Composites Stock Performance
VEL stock opened at GBX 13.98 on Wednesday. The firm has a market cap of £7.64 million, a PE ratio of -6.99 and a beta of 1.14. The company has a current ratio of 1.49, a quick ratio of 2.66 and a debt-to-equity ratio of 69.71. The stock has a 50-day moving average price of GBX 13.88 and a 200-day moving average price of GBX 15.05. Velocity Composites has a 1-year low of GBX 11.50 and a 1-year high of GBX 33.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 price objective on shares of Velocity Composites in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 40.
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. The company also offers engineered vacuum bag material kits; and honeycomb, core potting compounds, and co-bonded materials, including hole potting compound kits, cut shape metallic foils and meshes for lightning strike protection/EMI shielding, honeycomb and foam core products, and kitted co-bonded films.
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