Velocity Composites (LON:VEL) Earns “Buy” Rating from Canaccord Genuity Group

Velocity Composites (LON:VEL)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They presently have a GBX 40 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 166.67% from the stock’s current price.

Velocity Composites Stock Up 15.4%

VEL stock opened at GBX 15 on Tuesday. The business has a 50 day moving average of GBX 13.31 and a 200 day moving average of GBX 15.28. Velocity Composites has a twelve month low of GBX 12 and a twelve month high of GBX 37.52. The company has a quick ratio of 2.66, a current ratio of 1.49 and a debt-to-equity ratio of 69.71. The firm has a market cap of £8.20 million, a PE ratio of -7.50 and a beta of 1.11.

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. 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.