Velan (TSE:VLN) Stock Price Crosses Below Two Hundred Day Moving Average of $11.05

Velan Inc. (TSE:VLN)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.05 and traded as low as C$5.80. Velan shares last traded at C$5.83, with a volume of 12,213 shares changing hands.

Velan Stock Performance

The firm has a fifty day simple moving average of C$8.75 and a 200 day simple moving average of C$11.05. The company has a current ratio of 2.69, a quick ratio of 1.11 and a debt-to-equity ratio of 25.17. The stock has a market cap of C$35.10 million, a price-to-earnings ratio of -1.67 and a beta of 0.71.

Velan (TSE:VLN) last released its quarterly earnings data on Thursday, October 5th. The company reported C($0.13) earnings per share for the quarter. Velan had a negative net margin of 15.30% and a negative return on equity of 25.32%. The company had revenue of C$107.09 million during 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.