Velocity Composites (LON:VEL) Posts Earnings Results

Velocity Composites (LON:VEL) issued its quarterly earnings results on Tuesday. The company reported GBX (1.70) (($0.02)) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Shares of LON:VEL opened at GBX 17.96 ($0.23) on Thursday. The company has a current ratio of 3.24, a quick ratio of 2.19 and a debt-to-equity ratio of 3.38. The company has a fifty day simple moving average of GBX 15.58 and a 200 day simple moving average of GBX 27.25. The firm has a market cap of $6.00 million and a PE ratio of -8.33. Velocity Composites has a 12-month low of GBX 12 ($0.15) and a 12-month high of GBX 44.96 ($0.57).

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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