Velan (TSE:VLN) Stock Price Passes Below 200 Day Moving Average of $10.49

Velan Inc. (TSE:VLN) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.49 and traded as low as C$5.63. Velan shares last traded at C$5.65, with a volume of 610 shares.

Velan Price Performance

The stock has a 50 day moving average of C$7.67 and a two-hundred day moving average of C$10.49. The stock has a market cap of C$34.01 million, a PE ratio of -1.61 and a beta of 0.85. The company has a debt-to-equity ratio of 25.17, a quick ratio of 1.11 and a current ratio of 2.69.

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

About Velan

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.