Vertical Aerospace (NYSE:EVTL) Shares Gap Up to $4.40

Posted by on Jun 16th, 2022

Shares of Vertical Aerospace Ltd. (NYSE:EVTL – Get Rating) gapped up prior to trading on Thursday . The stock had previously closed at $4.40, but opened at $4.50. Vertical Aerospace shares last traded at $4.37, with a volume of 275 shares trading hands.

Separately, Deutsche Bank Aktiengesellschaft started coverage on Vertical Aerospace in a research note on Monday, April 11th. They set a “hold” rating and a $9.00 target price on the stock.

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.39 and a current ratio of 4.39. The company has a 50 day simple moving average of $6.39.

Several institutional investors and hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC purchased a new stake in shares of Vertical Aerospace during the fourth quarter valued at $45,000. Oasis Management Co Ltd. acquired a new stake in shares of Vertical Aerospace in the fourth quarter valued at about $67,000. Polar Capital Holdings Plc acquired a new position in Vertical Aerospace during the first quarter worth approximately $154,000. JPMorgan Chase & Co. acquired a new position in shares of Vertical Aerospace in the first quarter valued at approximately $198,000. Finally, UBS Group AG boosted its stake in shares of Vertical Aerospace by 1,048.3% in the first quarter. UBS Group AG now owns 32,325 shares of the company’s stock valued at $225,000 after buying an additional 29,510 shares during the period. 77.62% of the stock is owned by institutional investors and hedge funds.

Vertical Aerospace Company Profile (NYSE:EVTL)

Vertical Aerospace Ltd., an aerospace and technology company, engages in the design, manufacture, sale, and servicing of electric aircraft. It offers VX4, a piloted electric vertical take-off and landing vehicle. The company was founded in 2016 and is based in London, the United Kingdom.

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