Velocity Composites (VEL) Hits New 12-Month Low at $19.00

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Shares of Velocity Composites PLC (LON:VEL) reached a new 52-week low on Tuesday . The company traded as low as GBX 19 ($0.25) and last traded at GBX 21.50 ($0.28), with a volume of 1000 shares traded. The stock had previously closed at GBX 22 ($0.29).

Separately, FinnCap reaffirmed a “corporate” rating on shares of Velocity Composites in a research report on Tuesday, January 22nd.

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About Velocity Composites (LON:VEL)

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.

Read More: 12b-1 Fees

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