Velan Inc. (TSE:VLN – Get Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.34 and traded as low as C$15.90. Velan shares last traded at C$16.00, with a volume of 401 shares.
Velan Stock Down 1.1%
The business’s 50 day moving average is C$15.63 and its 200 day moving average is C$16.32. The company has a debt-to-equity ratio of 19.64, a quick ratio of 1.11 and a current ratio of 2.13. The stock has a market cap of C$334.80 million, a price-to-earnings ratio of 4.54 and a beta of 0.87.
Velan Company Profile
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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