Velocity Composites (LON:VEL) Issues Quarterly Earnings Results

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

Shares of LON:VEL traded down GBX 0.50 ($0.01) during trading hours on Wednesday, hitting GBX 22 ($0.29). 1,055 shares of the company’s stock traded hands, compared to its average volume of 60,254. Velocity Composites has a 1 year low of GBX 18.06 ($0.24) and a 1 year high of GBX 71 ($0.93). The firm has a fifty day simple moving average of GBX 21.32. The firm has a market cap of $7.90 million and a price-to-earnings ratio of -7.33. The company has a quick ratio of 1.94, a current ratio of 2.50 and a debt-to-equity ratio of 9.75.

Separately, FinnCap restated 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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