Insider Buying: Velocity Composites PLC (VEL) Insider Acquires 58,824 Shares of Stock

Velocity Composites PLC (LON:VEL) insider Mark Richard Mills purchased 58,824 shares of Velocity Composites PLC stock in a transaction dated Wednesday, November 1st. The stock was bought at an average cost of GBX 85 ($1.12) per share, with a total value of £50,000.40 ($65,981.00).

Shares of Velocity Composites PLC (VEL) traded up 2.33% on Wednesday, reaching GBX 88.00. The company had a trading volume of 1,235,052 shares. The company has a 50 day moving average of GBX 85.41 and a 200-day moving average of GBX 85.61. The company’s market capitalization is GBX 31.50 million. Velocity Composites PLC has a 52 week low of GBX 75.00 and a 52 week high of GBX 103.00.

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Separately, FinnCap reaffirmed a “corporate” rating and set a GBX 144 ($1.90) target price on shares of Velocity Composites PLC in a research report on Friday, October 27th.

Velocity Composites PLC Company Profile

Velocity Composites plc is a United Kingdom-based manufacturer of carbon fiber and ancillary material kits for use in the production of aircraft. The Company offers a full shape generation, shape management and nesting service. Its offerings include Structural Kits and Consumable Engineered Vacuum Bag Material Kits.

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