Velocys (VLS) Reaches New 1-Year Low at $30.00
Velocys PLC (LON:VLS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 30 ($0.40) and last traded at GBX 31 ($0.42), with a volume of 43516 shares trading hands. The stock had previously closed at GBX 32 ($0.43).
A number of equities analysts have recently issued reports on VLS shares. Canaccord Genuity reiterated a “speculative buy” rating and issued a GBX 80 ($1.08) price target on shares of Velocys in a report on Friday, October 20th. Numis Securities reiterated a “buy” rating and issued a GBX 107 ($1.44) price target on shares of Velocys in a report on Tuesday, September 19th. Finally, FinnCap reiterated a “corporate” rating and issued a GBX 144 ($1.94) price target on shares of Velocys in a report on Wednesday, October 4th.
Velocys (LON:VLS) last issued its quarterly earnings data on Friday, September 29th. The company reported GBX (6.50) (($0.09)) EPS for the quarter. The business had revenue of GBX 23 million during the quarter. Velocys had a negative net margin of 4,298.29% and a negative return on equity of 32.13%.
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Velocys Company Profile
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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