Velo3D (NYSE:VLD) Stock Price Down 5%

Velo3D, Inc. (NYSE:VLD)’s share price was down 5% on Wednesday . The stock traded as low as $0.26 and last traded at $0.27. Approximately 3,801,839 shares changed hands during trading, a decline of 46% from the average daily volume of 6,976,563 shares. The stock had previously closed at $0.29.

Velo3D Trading Down 5.0 %

The firm has a market capitalization of $71.65 million, a PE ratio of -0.40 and a beta of 2.12. The firm’s fifty day moving average is $0.36 and its two-hundred day moving average is $0.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.43 and a quick ratio of 1.18.

Velo3D (NYSE:VLD) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.32) earnings per share for the quarter. Velo3D had a negative return on equity of 128.11% and a negative net margin of 173.20%. The firm had revenue of $1.81 million for the quarter.

Institutional Trading of Velo3D

Several hedge funds and other institutional investors have recently modified their holdings of VLD. Highbridge Capital Management LLC bought a new stake in shares of Velo3D in the fourth quarter valued at approximately $1,661,000. BlackRock Inc. raised its position in shares of Velo3D by 48.3% in the second quarter. BlackRock Inc. now owns 5,512,025 shares of the company’s stock valued at $11,906,000 after purchasing an additional 1,796,272 shares during the period. ARK Investment Management LLC raised its position in shares of Velo3D by 12.5% in the third quarter. ARK Investment Management LLC now owns 13,428,463 shares of the company’s stock valued at $20,948,000 after purchasing an additional 1,493,565 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Velo3D by 21.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,075,990 shares of the company’s stock valued at $11,039,000 after purchasing an additional 1,243,960 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Velo3D by 77.3% in the second quarter. Wells Fargo & Company MN now owns 1,524,066 shares of the company’s stock valued at $3,292,000 after purchasing an additional 664,267 shares during the period. Institutional investors own 87.50% of the company’s stock.

Velo3D Company Profile

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.