Velocity Composites (LON:VEL) Receives Buy Rating from Canaccord Genuity Group

Velocity Composites (LON:VEL)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 40 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 166.67% from the stock’s current price.

Velocity Composites Stock Up 15.4%

Velocity Composites stock opened at GBX 15 on Tuesday. The firm has a market cap of £8.20 million, a price-to-earnings ratio of -7.50 and a beta of 1.11. The stock has a fifty day simple moving average of GBX 13.31 and a two-hundred day simple moving average of GBX 15.28. Velocity Composites has a 12 month low of GBX 12 and a 12 month high of GBX 37.52. The company has a current ratio of 1.49, a quick ratio of 2.66 and a debt-to-equity ratio of 69.71.

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. 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.