Velocys PLC (VLS) Earns “Corporate” Rating from FinnCap
Several other equities research analysts have also issued reports on VLS. Numis Securities Ltd reissued a buy rating and issued a GBX 107 ($1.42) price objective on shares of Velocys PLC in a research report on Tuesday, September 19th. Canaccord Genuity dropped their price objective on shares of Velocys PLC from GBX 110 ($1.46) to GBX 80 ($1.06) and set a speculative buy rating for the company in a research report on Wednesday, June 28th.
Shares of Velocys PLC (LON VLS) opened at 37.00 on Wednesday. Velocys PLC has a 12-month low of GBX 29.11 and a 12-month high of GBX 101.38. The company has a 50-day moving average of GBX 36.09 and a 200 day moving average of GBX 45.28. The firm’s market cap is GBX 53.23 million.
Velocys PLC (LON:VLS) last issued its quarterly earnings results on Friday, September 29th. The company reported GBX (6.50) (($0.09)) EPS for the quarter. Velocys PLC had a negative return on equity of 26.42% and a negative net margin of 937.50%. The company had revenue of GBX 23 million for the quarter.
About Velocys PLC
Velocys plc (Velocys) is a holding company. The Company is engaged in producing synthetic fuels. The Company provides small scale gas-to-liquids (GTL), a technology that produces liquid fuels and specialty chemicals from undervalued natural gas, waste or biomass. Its technology turns natural gas or biomass into premium products, such as diesel, jet fuel, waxes and base oils.
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