Velocity Composites (LON:VEL) Issues Quarterly Earnings Results

Velocity Composites (LON:VEL) posted its earnings results on Wednesday. The company reported GBX (1.58) (($0.02)) EPS for the quarter, Digital Look Earnings reports. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 59.20%.

Velocity Composites Stock Up 0.8 %

VEL stock opened at GBX 31.75 ($0.39) on Friday. The company’s 50 day moving average price is GBX 26.43 and its 200 day moving average price is GBX 32.78. The firm has a market capitalization of £16.98 million, a price-to-earnings ratio of -396.88 and a beta of 1.53. Velocity Composites has a fifty-two week low of GBX 19.60 ($0.24) and a fifty-two week high of GBX 48 ($0.60). The company has a debt-to-equity ratio of 50.50, a quick ratio of 2.66 and a current ratio of 1.75.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VEL shares. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 ($0.75) price objective on shares of Velocity Composites in a report on Thursday, December 12th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 60 ($0.75) price objective on shares of Velocity Composites in a research note on Thursday, December 12th.

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.