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Velocity Composites Plc ( (GB:VEL) ) has shared an update.
Velocity Composites plc announced that Emma Bridges, wife of CEO Jon Bridges, sold 333,333 ordinary shares at 15p each, impacting the shareholding structure. Despite this sale, Jon Bridges retains a significant interest in the company, holding 9.20% of the total voting rights. This transaction, conducted on the London Stock Exchange, is part of routine disclosures under the UK Market Abuse Regulation.
The most recent analyst rating on (GB:VEL) stock is a Hold with a £18.00 price target. To see the full list of analyst forecasts on Velocity Composites Plc stock, see the GB:VEL Stock Forecast page.
Spark’s Take on GB:VEL Stock
According to Spark, TipRanks’ AI Analyst, GB:VEL is a Neutral.
Velocity Composites Plc faces significant challenges with profitability and cash flow, reflected in a low financial performance score. Technical indicators show bearish momentum, and the negative P/E ratio highlights valuation concerns. These factors contribute to a below-average overall stock score.
To see Spark’s full report on GB:VEL stock, click here.
More about Velocity Composites Plc
Velocity Composites plc, based in Burnley, UK, is a leading supplier of composite material kits primarily serving the aerospace industry. The company provides solutions that help reduce costs and improve sustainability for major clients such as Airbus, Boeing, and GKN. Velocity is also exploring expansion into new markets like wind energy, urban air mobility, and electric vehicles, where the demand for composites is increasing.
Average Trading Volume: 86,785
Technical Sentiment Signal: Sell
Current Market Cap: £9.29M
See more insights into VEL stock on TipRanks’ Stock Analysis page.