Vertical Aerospace (NYSE:EVTL) Stock Price Down 2.7%

Posted by on Jun 17th, 2022

Vertical Aerospace Ltd. (NYSE:EVTL – Get Rating)’s share price traded down 2.7% during trading on Friday . The stock traded as low as $4.40 and last traded at $4.40. 180 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 89,426 shares. The stock had previously closed at $4.52.

Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Vertical Aerospace in a research report on Monday, April 11th. They issued a “hold” rating and a $9.00 price objective for the company.

The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is $6.34.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in Vertical Aerospace in the 1st quarter valued at about $910,000. Schonfeld Strategic Advisors LLC purchased a new stake in Vertical Aerospace in the 4th quarter valued at about $251,000. UBS Group AG increased its stake in Vertical Aerospace by 1,048.3% during the first quarter. UBS Group AG now owns 32,325 shares of the company’s stock worth $225,000 after purchasing an additional 29,510 shares during the period. JPMorgan Chase & Co. purchased a new stake in Vertical Aerospace during the first quarter worth about $198,000. Finally, Polar Capital Holdings Plc purchased a new stake in Vertical Aerospace during the first quarter worth about $154,000. Institutional investors and hedge funds own 77.62% of the company’s stock.

Vertical Aerospace Company Profile (NYSE:EVTL)

Vertical Aerospace Ltd. engages in designing, manufacturing, and selling electric aircraft. It offers VX4, an electric vertical take-off and landing vehicle. The company was founded in 2016 and is headquartered in Bristol, the United Kingdom.

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