Vela Technologies (LON:VELA) Stock Price Down 16.7% – Here’s Why

Vela Technologies PLC (LON:VELAGet Free Report)’s stock price traded down 16.7% during mid-day trading on Tuesday . The company traded as low as GBX 0.01 ($0.00) and last traded at GBX 0.01 ($0.00). 226,413 shares were traded during mid-day trading, a decline of 99% from the average session volume of 35,188,484 shares. The stock had previously closed at GBX 0.01 ($0.00).

Vela Technologies Trading Up 20.0 %

The company has a current ratio of 1.62, a quick ratio of 45.67 and a debt-to-equity ratio of 89.58. The stock has a 50 day simple moving average of GBX 0.01 and a 200-day simple moving average of GBX 0.01. The firm has a market cap of £1.14 million, a P/E ratio of -1.01 and a beta of 0.40.

Vela Technologies Company Profile

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Vela Technologies PLC is a venture capital firm specializing in investments in early stage. The firm focuses on pre-IPO technology investments and also invests in hi-tech engineering solutions. It invests in small and medium sized companies based in Europe and United Kingdom. The firm seeks for non-controlling stakes in its portfolio companies.

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