Velan Inc. (TSE:VLN - Get Free Report)'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.11 and traded as low as C$10.91. Velan shares last traded at C$11.05, with a volume of 19,008 shares trading hands.
Velan Stock Down 0.4 %
The company has a debt-to-equity ratio of 21.02, a current ratio of 2.55 and a quick ratio of 1.11. The firm has a market capitalization of C$66.28 million, a price-to-earnings ratio of -13.76 and a beta of 0.77. The business has a fifty day moving average price of C$11.11 and a two-hundred day moving average price of C$8.50.
Velan (TSE:VLN - Get Free Report) last announced its quarterly earnings results on Thursday, October 10th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$135.12 million for the quarter. Velan had a negative return on equity of 5.57% and a negative net margin of 2.75%.
Velan Company Profile
(
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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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