Velocity Composites (LON:VEL) Earns “Buy” Rating from Canaccord Genuity Group

Velocity Composites (LON:VEL)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a report released on Wednesday, MarketBeat reports. They presently have a GBX 50 price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 117.39% from the stock’s previous close.

Velocity Composites Trading Down 2.1%

Shares of VEL stock opened at GBX 23 on Wednesday. Velocity Composites has a 12-month low of GBX 19.60 and a 12-month high of GBX 37.52. The company has a current ratio of 1.63, a quick ratio of 2.66 and a debt-to-equity ratio of 47.56. The stock’s 50-day moving average price is GBX 22.20 and its 200-day moving average price is GBX 24.77. The stock has a market capitalization of £12.57 million, a price-to-earnings ratio of -1,678.83 and a beta of 1.53.

Velocity Composites Company Profile

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.