Velocity Composites (LON:VEL) Stock Price Up 0.3%

Velocity Composites plc (LON:VEL)’s share price rose 0.3% during trading on Monday . The company traded as high as GBX 34 ($0.43) and last traded at GBX 32.60 ($0.41). Approximately 97,713 shares were traded during trading, an increase of 170% from the average daily volume of 36,240 shares. The stock had previously closed at GBX 32.50 ($0.41).

Velocity Composites Stock Up 0.3 %

The company has a debt-to-equity ratio of 55.04, a current ratio of 1.72 and a quick ratio of 2.66. The company has a market cap of £17.43 million, a PE ratio of -407.50 and a beta of 1.60. The business’s 50 day moving average is GBX 31.80 and its 200-day moving average is GBX 34.99.

Insider Activity

In other news, insider Andrew Beaden bought 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was purchased at an average cost of GBX 30 ($0.38) per share, with a total value of £30,000 ($37,688.44). Company insiders own 47.74% of the company’s stock.

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.