Velocys (LON:VLS) Share Price Passes Below Two Hundred Day Moving Average of $1.70

Shares of Velocys plc (LON:VLS) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1.70 ($0.02) and traded as low as GBX 0.64 ($0.01). Velocys shares last traded at GBX 0.68 ($0.01), with a volume of 13,765,071 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “house stock” rating on shares of Velocys in a research note on Tuesday, October 31st.

Velocys Trading Down 1.3 %

The company’s fifty day moving average price is GBX 0.95 and its two-hundred day moving average price is GBX 1.70. The company has a current ratio of 2.00, a quick ratio of 6.97 and a debt-to-equity ratio of 109.97. The firm has a market cap of £11.06 million, a P/E ratio of -67.90 and a beta of 1.39.

About Velocys

Velocys plc operates as a renewable fuels company. It designs, develops, and licenses its Fischer-Tropsch technology for the generation of clean, low carbon, and synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants. It has operations in the Americas and the Asia Pacific.