Velan Inc. (TSE:VLN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.44 and traded as low as C$15.60. Velan shares last traded at C$15.85, with a volume of 1,945 shares traded.
Velan Stock Performance
The company’s 50-day simple moving average is C$16.28 and its 200-day simple moving average is C$16.44. The stock has a market capitalization of C$342.14 million, a price-to-earnings ratio of 5.25 and a beta of -0.67. The company has a current ratio of 2.34, a quick ratio of 1.11 and a debt-to-equity ratio of 19.29.
About Velan
Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.
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