Velo3D (NYSE:VLD) Stock Price Down 5%

Velo3D, Inc. (NYSE:VLD)’s share price traded down 5% during mid-day trading on Wednesday . The stock traded as low as $0.26 and last traded at $0.27. 3,801,839 shares traded hands during trading, a decline of 46% from the average session volume of 6,976,563 shares. The stock had previously closed at $0.29.

Velo3D Stock Performance

The company’s 50 day simple moving average is $0.36 and its 200-day simple moving average is $0.68. The company has a current ratio of 2.43, a quick ratio of 1.18 and a debt-to-equity ratio of 0.17.

Velo3D (NYSE:VLD) last released its quarterly earnings results on Tuesday, March 26th. The company reported ($0.32) earnings per share (EPS) for the quarter. Velo3D had a negative return on equity of 128.11% and a negative net margin of 173.20%. The firm had revenue of $1.81 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Citigroup Inc. purchased a new position in shares of Velo3D during the 1st quarter worth about $53,000. Price T Rowe Associates Inc. MD purchased a new position in Velo3D in the first quarter valued at approximately $26,000. ProShare Advisors LLC purchased a new position in Velo3D in the second quarter valued at approximately $25,000. State of Wyoming purchased a new position in Velo3D in the second quarter valued at approximately $27,000. Finally, Envestnet Asset Management Inc. purchased a new position in Velo3D in the first quarter valued at approximately $120,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

About Velo3D

Velo3D, Inc produces metal additive three dimensional printers in the United States and internationally. The company's printers enable the production of components for space rockets, jet engines, fuel delivery systems, and other high value metal parts, which it sells or leases to customers for use in their businesses.