Velan (TSE:VLN) Shares Down 0.8% - Time to Sell?

Velan Inc. (TSE:VLN - Get Free Report)'s share price dropped 0.8% during mid-day trading on Wednesday . The stock traded as low as C$10.00 and last traded at C$10.47. Approximately 32,565 shares were traded during trading, an increase of 190% from the average daily volume of 11,226 shares. The stock had previously closed at C$10.55.

Velan Trading Up 0.3 %

The business's 50 day simple moving average is C$10.83 and its 200 day simple moving average is C$7.88. 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 company has a market capitalization of C$63.21 million, a price-to-earnings ratio of -13.09 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. The firm 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

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.