Velan Inc. (TSE:VLN - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as C$11.00 and last traded at C$11.98, with a volume of 89648 shares traded. The stock had previously closed at C$11.00.
Velan Trading Up 7.3 %
The company has a fifty day moving average price of C$11.06 and a 200-day moving average price of C$8.65. The company has a current ratio of 2.55, a quick ratio of 1.11 and a debt-to-equity ratio of 21.02. The firm has a market cap of C$71.04 million, a price-to-earnings ratio of -14.75 and a beta of 0.77.
Velan (TSE:VLN - Get Free Report) last issued its quarterly earnings results on Thursday, October 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. Velan had a negative return on equity of 5.57% and a negative net margin of 2.75%. The company had revenue of C$135.12 million for the quarter.
Velan Company Profile
(
Get Free Report)
Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.
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