Velan (TSE:VLN) Stock Price Crosses Below Two Hundred Day Moving Average of $12.25

Velan Inc. (TSE:VLN)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$12.25 and traded as low as C$10.00. Velan shares last traded at C$10.00, with a volume of 4,575 shares.

Velan Trading Down 3.2 %

The company has a market cap of C$60.20 million, a price-to-earnings ratio of -2.82 and a beta of 0.74. The company has a debt-to-equity ratio of 20.57, a quick ratio of 1.11 and a current ratio of 2.74. The firm has a fifty day moving average price of C$11.29 and a 200 day moving average price of C$12.25.

Velan (TSE:VLN) last posted its earnings results on Thursday, July 6th. The company reported C($0.52) earnings per share for the quarter. Velan had a negative return on equity of 25.30% and a negative net margin of 15.53%. The business had revenue of C$91.91 million for the quarter.

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.