Velocity Composites (LON:VEL) Posts Quarterly Earnings Results

Velocity Composites (LON:VEL) announced its quarterly earnings results on Monday, June 24th. The company reported GBX (1.20) (($0.02)) earnings per share (EPS) for the quarter, Bloomberg Earnings reports.

Shares of LON VEL remained flat at $GBX 21.50 ($0.28) during mid-day trading on Thursday. The company had a trading volume of 2,949 shares, compared to its average volume of 60,254. The firm has a market capitalization of $7.72 million and a price-to-earnings ratio of -10.75. Velocity Composites has a 12 month low of GBX 18.06 ($0.24) and a 12 month high of GBX 61.32 ($0.80). The business’s fifty day simple moving average is GBX 21.16. The company has a debt-to-equity ratio of 4.14, a current ratio of 2.69 and a quick ratio of 2.01.

Separately, FinnCap restated a “corporate” rating on shares of Morses Club in a research note on Monday, June 24th.

About Velocity Composites

Velocity Composites plc manufactures advanced carbon fiber and ancillary material kits for use in the production of aircraft in the United Kingdom. It offers 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.

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