Velocity Composites (LON:VEL) Sets New 12-Month Low – Time to Sell?

Velocity Composites plc (LON:VEL) hit a new 52-week low on Monday . The stock traded as low as GBX 12 and last traded at GBX 12, with a volume of 23548 shares traded. The stock had previously closed at GBX 14.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 40 target price on shares of Velocity Composites in a research note on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 40.

Velocity Composites Stock Down 14.3%

The company has a debt-to-equity ratio of 41.08, a current ratio of 1.31 and a quick ratio of 2.66. The stock’s fifty day simple moving average is GBX 14 and its 200-day simple moving average is GBX 14.97. The stock has a market cap of £6.56 million, a P/E ratio of -4.24 and a beta of 1.16.

Velocity Composites (LON:VEL) last posted its earnings results on Wednesday, June 24th. The company reported GBX (1.89) EPS for the quarter. Velocity Composites had a negative net margin of 8.25% and a negative return on equity of 32.89%. The company had revenue of GBX 844 million for the quarter. On average, research analysts anticipate that Velocity Composites plc will post 0.7403055 earnings per share for the current year.

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. 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.