Key Points
- Insider sale: Jonathan Karl Bridges sold 333,333 shares on November 26 at GBX 15 each for a total of £49,999.95.
- The stock opened at GBX 16.50 (down ~2.9%), has a market cap of £9.02 million, a negative P/E of -12.04, and is trading close to its 12‑month low of GBX 15.
- Analyst outlook: Canaccord cut its price target from GBX 50 to GBX 40 but kept a "buy" rating, while the consensus from two analysts remains a "Buy" with an average target of GBX 50.
Velocity Composites plc (LON:VEL - Get Free Report) insider Jonathan Karl Bridges sold 333,333 shares of the business's stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of GBX 15, for a total transaction of £49,999.95.
Velocity Composites Trading Down 2.9%
Shares of Velocity Composites stock opened at GBX 16.50 on Friday. The company has a current ratio of 1.63, a quick ratio of 2.66 and a debt-to-equity ratio of 47.56. The company has a fifty day simple moving average of GBX 20.33 and a 200-day simple moving average of GBX 23.83. The stock has a market cap of £9.02 million, a price-to-earnings ratio of -12.04 and a beta of 1.53. Velocity Composites plc has a 12-month low of GBX 15 and a 12-month high of GBX 37.52.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group dropped their price objective on Velocity Composites from GBX 50 to GBX 40 and set a "buy" rating on the stock in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Velocity Composites presently has an average rating of "Buy" and a consensus price target of GBX 50.
Check Out Our Latest Stock Report on VEL
About Velocity Composites
(
Get Free Report)
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.
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