Velocity Composites (LON:VEL) Shares Down 14.2% – What’s Next?

Velocity Composites plc (LON:VEL)’s share price dropped 14.2% during mid-day trading on Thursday . The company traded as low as GBX 23.33 ($0.31) and last traded at GBX 23.33 ($0.31). Approximately 102,206 shares changed hands during trading, an increase of 55% from the average daily volume of 66,066 shares. The stock had previously closed at GBX 27.20 ($0.36).

Velocity Composites Price Performance

The stock’s 50 day simple moving average is GBX 24.02 and its 200-day simple moving average is GBX 25.63. The firm has a market cap of £13.23 million, a price-to-earnings ratio of -5.49 and a beta of 1.53. The company has a debt-to-equity ratio of 47.56, a quick ratio of 2.66 and a current ratio of 1.63.

Insider Activity

In related news, insider Annette Rothwell sold 73,285 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of GBX 27 ($0.36), for a total value of £19,786.95 ($26,534.73). Also, insider David Bailey sold 52,313 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of GBX 25 ($0.34), for a total transaction of £13,078.25 ($17,538.22). Corporate insiders own 40.10% of the company’s stock.

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.