Velocity Composites (LON:VEL) Shares Down 2.2%

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Velocity Composites PLC (LON:VEL)’s stock price fell 2.2% during mid-day trading on Wednesday . The stock traded as low as GBX 21.03 ($0.27) and last traded at GBX 21.03 ($0.27), 2,000 shares traded hands during mid-day trading. A decline of 97% from the average session volume of 60,254 shares. The stock had previously closed at GBX 21.50 ($0.28).

Separately, FinnCap reissued a “corporate” rating on shares of Morses Club in a research note on Monday, June 24th.

The stock has a market capitalization of $7.72 million and a P/E ratio of -10.75. The stock has a 50 day moving average of GBX 21.12. The company has a current ratio of 2.69, a quick ratio of 2.01 and a debt-to-equity ratio of 4.14.

Velocity Composites (LON:VEL) last announced its quarterly earnings data on Monday, June 24th. The company reported GBX (1.20) (($0.02)) earnings per share (EPS) for the quarter. Sell-side analysts predict that Velocity Composites PLC will post 409.9999796 EPS for the current fiscal year.

About Velocity Composites (LON:VEL)

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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