Velo3D (NYSE:VLD) Stock Price Down 5%

Shares of Velo3D, Inc. (NYSE:VLD) traded down 5% during trading on Wednesday . The stock traded as low as $0.26 and last traded at $0.27. 3,801,839 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 6,976,563 shares. The stock had previously closed at $0.29.

Velo3D Trading Down 3.7 %

The firm’s fifty day moving average price is $0.36 and its 200 day moving average price is $0.68. The company has a quick ratio of 1.18, a current ratio of 2.43 and a debt-to-equity ratio of 0.17.

Velo3D (NYSE:VLD) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.32) EPS for the quarter. The business had revenue of $1.81 million during the quarter. Velo3D had a negative net margin of 173.20% and a negative return on equity of 128.11%.

Institutional Trading of Velo3D

Hedge funds have recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its holdings in Velo3D by 12.5% during the third quarter. ARK Investment Management LLC now owns 13,428,463 shares of the company’s stock valued at $20,948,000 after purchasing an additional 1,493,565 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Velo3D by 21.3% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,075,990 shares of the company’s stock valued at $11,039,000 after purchasing an additional 1,243,960 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Velo3D by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 6,792,151 shares of the company’s stock valued at $2,701,000 after purchasing an additional 220,654 shares in the last quarter. BlackRock Inc. lifted its holdings in Velo3D by 48.3% during the second quarter. BlackRock Inc. now owns 5,512,025 shares of the company’s stock valued at $11,906,000 after purchasing an additional 1,796,272 shares in the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Velo3D during the fourth quarter valued at $1,661,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

About Velo3D

Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.