Velocity Composites (LON:VEL) Posts Earnings Results

Velocity Composites (LON:VEL) issued its quarterly earnings data 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 return on equity of 59.20% and a negative net margin of 11.83%.

Velocity Composites Stock Up 0.8 %

Velocity Composites stock opened at GBX 31.75 ($0.39) on Friday. The firm has a market cap of £16.98 million, a price-to-earnings ratio of -396.88 and a beta of 1.53. Velocity Composites has a 52 week low of GBX 19.60 ($0.24) and a 52 week high of GBX 48 ($0.60). The business’s 50-day moving average price is GBX 26.43 and its 200 day moving average price is GBX 32.78. The company has a quick ratio of 2.66, a current ratio of 1.75 and a debt-to-equity ratio of 50.50.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VEL. Canaccord Genuity Group restated a “buy” rating and set a GBX 60 ($0.75) price objective on shares of Velocity Composites in a research note on Thursday, December 12th. Canaccord Genuity Group restated a “buy” rating and set a GBX 60 ($0.75) price objective on shares of Velocity Composites in a research note 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.