Jonathan Karl Bridges Sells 150,000 Shares of Velocity Composites plc (LON:VEL) Stock

Velocity Composites plc (LON:VEL) insider Jonathan Karl Bridges sold 150,000 shares of Velocity Composites stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of GBX 25 ($0.33), for a total transaction of £37,500 ($48,815.41).

Velocity Composites Trading Down 3.6 %

LON:VEL opened at GBX 23.13 ($0.30) on Wednesday. The stock has a fifty day moving average price of GBX 35.35 and a 200 day moving average price of GBX 37.89. The company has a current ratio of 1.75, a quick ratio of 2.66 and a debt-to-equity ratio of 50.50. Velocity Composites plc has a 12-month low of GBX 23 ($0.30) and a 12-month high of GBX 48 ($0.62). The firm has a market cap of £12.37 million, a PE ratio of -289.16 and a beta of 1.53.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Velocity Composites from GBX 70 ($0.91) to GBX 60 ($0.78) and set a “buy” rating for the company in a research report on Wednesday, September 18th.

About Velocity Composites

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.