Velocity Composites (LON:VEL) Hits New 12-Month Low – Should You Sell?

Velocity Composites plc (LON:VEL)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 12 and last traded at GBX 12, with a volume of 23548 shares traded. The stock had previously closed at GBX 14.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 price objective on shares of Velocity Composites in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Velocity Composites currently has a consensus rating of “Buy” and an average target price of GBX 40.

Velocity Composites Stock Up 7.7%

The firm has a market cap of £7.65 million, a PE ratio of -4.95 and a beta of 1.16. The company has a quick ratio of 2.66, a current ratio of 1.31 and a debt-to-equity ratio of 41.08. The business has a 50-day moving average price of GBX 14.01 and a two-hundred day moving average price of GBX 14.96.

Velocity Composites (LON:VEL) last released its earnings results on Wednesday, June 24th. The company reported GBX (1.89) earnings per share (EPS) for the quarter. Velocity Composites had a negative net margin of 8.25% and a negative return on equity of 32.89%. The company had revenue of GBX 844 million during the quarter. On average, equities research analysts expect that Velocity Composites plc will post 0.7403055 EPS for the current year.

About Velocity Composites

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.