Velocys (LON:VLS) Stock Price Crosses Below 50 Day Moving Average of $1.65

Velocys plc (LON:VLSGet Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 1.65 ($0.02) and traded as low as GBX 1.32 ($0.02). Velocys shares last traded at GBX 1.38 ($0.02), with a volume of 1,233,387 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reiterated a “house stock” rating on shares of Velocys in a research note on Wednesday.

Check Out Our Latest Stock Report on Velocys

Velocys Trading Up 6.0 %

The company has a debt-to-equity ratio of 63.05, a current ratio of 4.35 and a quick ratio of 6.97. The business has a 50-day simple moving average of GBX 1.64 and a two-hundred day simple moving average of GBX 2.64. The stock has a market cap of £25.49 million, a price-to-earnings ratio of -147.30 and a beta of 1.11.

Insider Transactions at Velocys

In other Velocys news, insider Tom Quigley bought 400,000 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average cost of GBX 3 ($0.04) per share, with a total value of £12,000 ($15,155.34). 12.38% of the stock is currently owned by corporate insiders.

About Velocys

(Get Free Report)

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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