Velocity Composites (LON:VEL) Sets New 52-Week Low – Here’s What Happened

Velocity Composites plc (LON:VEL – Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as GBX 12 and last traded at GBX 13, with a volume of 61063 shares changing hands. The stock had previously closed at GBX 13.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 40 target price on shares of Velocity Composites in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Velocity Composites presently has an average rating of “Buy” and a consensus target price of GBX 40.

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Velocity Composites Stock Performance

The stock’s 50 day moving average price is GBX 13.95 and its 200 day moving average price is GBX 15.92. The company has a debt-to-equity ratio of 69.71, a quick ratio of 2.66 and a current ratio of 1.49. The company has a market capitalization of £7.11 million, a P/E ratio of -6.50 and a beta of 1.17.

About Velocity Composites

(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. 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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