Vela Technologies (LON:VELA) Shares Pass Below 200-Day Moving Average – Here’s Why

Vela Technologies PLC (LON:VELAGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 0.01 ($0.00) and traded as low as GBX 0.01 ($0.00). Vela Technologies shares last traded at GBX 0.01 ($0.00), with a volume of 22,618,332 shares traded.

Vela Technologies Stock Performance

The company has a debt-to-equity ratio of 89.58, a quick ratio of 45.67 and a current ratio of 1.62. The business’s 50-day moving average is GBX 0.01 and its 200-day moving average is GBX 0.01. The company has a market capitalization of £1.14 million, a PE ratio of -1.01 and a beta of 0.40.

About Vela Technologies

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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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