Insider Buying: Velocity Composites plc (LON:VEL) Insider Buys £30,000 in Stock

Velocity Composites plc (LON:VEL) insider Andrew Beaden purchased 100,000 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were acquired at an average cost of GBX 30 ($0.38) per share, with a total value of £30,000 ($37,969.88).

Andrew Beaden also recently made the following trade(s):

• On Friday, April 5th, Andrew Beaden bought 12,500 shares of Velocity Composites stock. The shares were purchased at an average cost of GBX 31 ($0.39) per share, with a total value of £3,875 ($4,904.44).

Velocity Composites Stock Performance

Shares of LON VEL opened at GBX 30.50 ($0.39) on Thursday. The company has a quick ratio of 2.66, a current ratio of 1.72 and a debt-to-equity ratio of 55.04. The business has a fifty day simple moving average of GBX 33.36 and a two-hundred day simple moving average of GBX 35.88. The firm has a market cap of £16.31 million, a PE ratio of -381.25 and a beta of 1.61. Velocity Composites plc has a twelve month low of GBX 30 ($0.38) and a twelve month high of GBX 57 ($0.72).

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.