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

Velocity Composites (LON:VEL)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Tuesday, MarketBeat Ratings reports. They presently have a GBX 40 price target on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 110.53% from the stock’s previous close.

Velocity Composites Price Performance

Shares of LON:VEL opened at GBX 19 on Tuesday. The company has a market capitalization of £10.39 million, a PE ratio of -13.87 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 stock has a fifty day moving average of GBX 16.12 and a 200-day moving average of GBX 19.95. Velocity Composites has a one year low of GBX 13 and a one year high of GBX 37.52.

Velocity Composites (LON:VEL) last issued its earnings results on Tuesday, January 27th. The company reported GBX (2) earnings per share (EPS) for the quarter. Velocity Composites had a negative return on equity of 40.18% and a negative net margin of 11.83%. As a group, equities analysts anticipate that Velocity Composites will post 0.7403055 EPS for the current fiscal year.

Insider Transactions at Velocity Composites

In other Velocity Composites news, insider Jonathan Karl Bridges sold 333,333 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of GBX 15, for a total transaction of £49,999.95. Insiders own 15.21% 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. 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.