Velocity Composites plc (LON:VEL – Get Free Report)’s stock price traded down 0.9% during trading on Monday . The company traded as low as GBX 13 and last traded at GBX 13.88. Approximately 14,918 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 66,664 shares. The stock had previously closed at GBX 14.
Analyst Ratings Changes
Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 price target on shares of Velocity Composites in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 40.
Read Our Latest Stock Analysis on VEL
Velocity Composites Price Performance
Velocity Composites (LON:VEL – Get Free Report) last issued its quarterly earnings results on Wednesday, June 24th. The company reported GBX (1.89) earnings per share (EPS) for the quarter. The firm had revenue of GBX 844 million for the quarter. Velocity Composites had a negative return on equity of 32.89% and a negative net margin of 8.25%. Equities research analysts forecast that Velocity Composites plc will post 0.7403055 earnings per share for the current year.
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. 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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