Sumitomo Mitsui Trust Holdings Inc. Decreases Stake in Velo3D, Inc. (NYSE:VLD)

Sumitomo Mitsui Trust Holdings Inc. reduced its stake in shares of Velo3D, Inc. (NYSE:VLD) by 3.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,811,573 shares of the company’s stock after selling 264,417 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Velo3D were worth $2,708,000 at the end of the most recent reporting period.

Separately, Swiss National Bank boosted its position in shares of Velo3D by 12.3% during the 3rd quarter. Swiss National Bank now owns 211,600 shares of the company’s stock worth $330,000 after purchasing an additional 23,100 shares in the last quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Velo3D Price Performance

Shares of NYSE VLD opened at $0.24 on Thursday. The firm has a market capitalization of $61.63 million, a P/E ratio of -0.35 and a beta of 2.12. Velo3D, Inc. has a one year low of $0.19 and a one year high of $2.50. The company’s fifty day moving average is $0.36 and its two-hundred day moving average is $0.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.18 and a current ratio of 2.43.

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

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.