True Velocity, Inc./DE (NASDAQ:YDES) Sees Unusually-High Trading Volume – Time to Buy?

Shares of True Velocity, Inc./DE (NASDAQ:YDES) saw unusually-high trading volume on Monday . Approximately 33,810 shares traded hands during mid-day trading, an increase of 49% from the previous session’s volume of 22,759 shares.The stock last traded at $12.20 and had previously closed at $12.00.

Wall Street Analyst Weigh In

YDES has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of True Velocity, Inc./DE in a report on Monday, December 29th. Wall Street Zen raised shares of True Velocity, Inc./DE to a “sell” rating in a research note on Tuesday, November 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, True Velocity, Inc./DE has an average rating of “Sell”.

True Velocity, Inc./DE Stock Up 2.3%

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.