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

Velocity Composites plc (LON:VEL) insider Jonathan Karl Bridges sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of GBX 25 ($0.32), for a total transaction of £37,500 ($48,631.82).

Velocity Composites Stock Down 7.7 %

Shares of LON:VEL opened at GBX 24 ($0.31) on Tuesday. Velocity Composites plc has a one year low of GBX 24 ($0.31) and a one year high of GBX 48 ($0.62). The company has a 50 day moving average of GBX 35.69 and a 200-day moving average of GBX 37.92. The company has a debt-to-equity ratio of 50.50, a current ratio of 1.75 and a quick ratio of 2.66. The stock has a market cap of £12.83 million, a price-to-earnings ratio of -305.00 and a beta of 1.53.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered 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.