Annette Rothwell Sells 73,285 Shares of Velocity Composites plc (LON:VEL) Stock

Velocity Composites plc (LON:VEL) insider Annette Rothwell sold 73,285 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of GBX 27 ($0.35), for a total transaction of £19,786.95 ($25,574.45).

Velocity Composites Price Performance

VEL opened at GBX 25.95 ($0.34) on Friday. Velocity Composites plc has a 52-week low of GBX 19.60 ($0.25) and a 52-week high of GBX 48 ($0.62). The company has a 50 day moving average of GBX 28.63 and a two-hundred day moving average of GBX 30.20. The company has a market cap of £14.02 million, a P/E ratio of -5.81 and a beta of 1.53. The company has a quick ratio of 2.66, a current ratio of 1.63 and a debt-to-equity ratio of 47.56.

Velocity Composites (LON:VEL) last posted its earnings results on Wednesday, January 29th. The company reported GBX (1.58) (($0.02)) earnings per share for the quarter. Velocity Composites had a negative net margin of 11.83% and a negative return on equity of 40.18%. On average, analysts expect that Velocity Composites plc will post 0.7403055 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VEL has been the topic of several research analyst reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 60 ($0.78) target price on shares of Velocity Composites in a research report on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.78) price objective on shares of Velocity Composites in a report 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.