Velo3D (NYSE:VLD) Shares Down 5.2%

Velo3D, Inc. (NYSE:VLD)’s share price was down 5.2% on Monday . The company traded as low as $1.24 and last traded at $1.28. Approximately 134,200 shares were traded during trading, a decline of 28% from the average daily volume of 186,738 shares. The stock had previously closed at $1.35.

Velo3D Stock Down 5.2 %

The stock has a market capitalization of $11.03 million, a P/E ratio of -0.06 and a beta of 1.93. The company has a fifty day moving average price of $2.08 and a 200-day moving average price of $6.66.

Velo3D (NYSE:VLD) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($2.57) earnings per share (EPS) for the quarter. The firm had revenue of $10.34 million during the quarter. Velo3D had a negative return on equity of 199.62% and a negative net margin of 225.81%.

Hedge Funds Weigh In On Velo3D

An institutional investor recently bought a new position in Velo3D stock. Sei Investments Co. bought a new stake in shares of Velo3D, Inc. (NYSE:VLD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,850 shares of the company’s stock, valued at approximately $86,000. Sei Investments Co. owned about 0.31% of Velo3D as of its most recent filing with the Securities and Exchange Commission. 87.50% of the stock is currently owned by institutional investors.

About Velo3D

Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.