Sumitomo Mitsui Trust Holdings Inc. trimmed its stake in shares of Velo3D, Inc. (NYSE:VLD – Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,811,573 shares of the company’s stock after selling 264,417 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 3.39% of Velo3D worth $2,708,000 at the end of the most recent quarter.
Separately, Swiss National Bank lifted its holdings in Velo3D by 12.3% during the third quarter. Swiss National Bank now owns 211,600 shares of the company’s stock valued at $330,000 after purchasing an additional 23,100 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.
Velo3D Stock Performance
VLD opened at $0.24 on Thursday. The company has a quick ratio of 1.18, a current ratio of 2.43 and a debt-to-equity ratio of 0.17. The company has a market cap of $61.63 million, a price-to-earnings ratio of -0.35 and a beta of 2.12. Velo3D, Inc. has a 52-week low of $0.19 and a 52-week high of $2.50. The firm’s fifty day simple moving average is $0.36 and its two-hundred day simple moving average is $0.63.
Velo3D Profile
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.
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