Velocity Composites (LON:VEL) Posts Quarterly Earnings Results

Velocity Composites (LON:VEL) released its earnings results on Wednesday. The company reported GBX (1.58) (($0.02)) earnings per share 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 Performance

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 ($0.75) target price on shares of Velocity Composites in a research report on Thursday, December 12th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.75) price objective on shares of Velocity Composites in a research 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.