Velocys’ (VLS) “House Stock” Rating Reaffirmed at Shore Capital

Velocys (LON:VLSGet Rating)‘s stock had its “house stock” rating restated by analysts at Shore Capital in a research report issued on Wednesday, reports.

Velocys Price Performance

VLS opened at GBX 5.02 ($0.06) on Wednesday. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.52 and a quick ratio of 2.39. The stock’s 50 day simple moving average is GBX 5.63 and its 200 day simple moving average is GBX 5.46. The firm has a market cap of £70.16 million and a price-to-earnings ratio of -6.28. Velocys has a 1 year low of GBX 4 ($0.05) and a 1 year high of GBX 17.94 ($0.22).

Insider Activity at Velocys

In other news, insider Philip Sanderson acquired 200,000 shares of the firm’s stock in a transaction on Monday, July 18th. The shares were purchased at an average price of GBX 4 ($0.05) per share, for a total transaction of £8,000 ($9,666.51).

Velocys Company Profile

(Get Rating)

Velocys plc operates as a renewable fuels company. It designs, develops, and licenses its Fischer-Tropsch technology for the generation of clean, low carbon, and synthetic drop-in aviation and road transport fuel from municipal solid waste and residual woody biomass plants. It has operations in the Americas and the Asia Pacific.

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