Velocity Composites (LON:VEL) Announces Quarterly Earnings Results

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

VEL opened at GBX 22 ($0.29) on Wednesday. The company has a market capitalization of $7.90 million and a price-to-earnings ratio of -7.33. The firm’s 50-day moving average is GBX 21.32. The company has a debt-to-equity ratio of 9.75, a quick ratio of 1.94 and a current ratio of 2.50. Velocity Composites has a fifty-two week low of GBX 18.06 ($0.24) and a fifty-two week high of GBX 71 ($0.93).

Separately, FinnCap reiterated a “corporate” rating on shares of Velocity Composites in a research note on Thursday, May 9th.

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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