Velocity Composites (LON:VEL) Issues Quarterly Earnings Results

Velocity Composites (LON:VEL) posted its quarterly earnings data on Monday. The company reported GBX (1.20) (($0.02)) EPS for the quarter, Bloomberg Earnings reports.

LON:VEL traded down GBX 0.50 ($0.01) on Wednesday, hitting GBX 22 ($0.29). 1,055 shares of the company’s stock were exchanged, compared to its average volume of 60,254. The business has a 50-day simple moving average of GBX 21.32. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.94 and a current ratio of 2.50. Velocity Composites has a 52 week low of GBX 18.06 ($0.24) and a 52 week high of GBX 71 ($0.93). The stock has a market capitalization of $7.90 million and a P/E ratio of -7.33.

Separately, FinnCap reissued a “corporate” rating on shares of Velocity Composites in a research report on Thursday, May 9th.

Velocity Composites Company Profile

Velocity Composites plc manufactures advanced carbon fiber and ancillary material kits for use in the production of aircraft in the United Kingdom. It offers 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.

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