Velocity Composites (LON:VEL) Shares Down 14.2% – What’s Next?

Shares of Velocity Composites plc (LON:VEL) fell 14.2% during trading on Thursday . The stock traded as low as GBX 23.33 ($0.32) and last traded at GBX 23.33 ($0.32). 102,206 shares traded hands during trading, an increase of 55% from the average session volume of 66,066 shares. The stock had previously closed at GBX 27.20 ($0.37).

Velocity Composites Trading Up 1.2%

The stock has a market cap of £12.96 million, a PE ratio of -5.37 and a beta of 1.53. The company has a debt-to-equity ratio of 47.56, a quick ratio of 2.66 and a current ratio of 1.63. The company’s 50-day moving average price is GBX 23.97 and its 200 day moving average price is GBX 25.63.

Insider Activity

In other news, insider Annette Rothwell sold 73,285 shares of Velocity Composites stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of GBX 27 ($0.37), for a total transaction of £19,786.95 ($26,786.18). Also, insider David Bailey sold 52,313 shares of Velocity Composites stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of GBX 25 ($0.34), for a total transaction of £13,078.25 ($17,704.41). Corporate insiders own 40.10% of the company’s stock.

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.