Velan (TSE:VLN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Velan Inc. (TSE:VLN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.31 and traded as low as C$15.00. Velan shares last traded at C$15.01, with a volume of 8,806 shares.

Velan Trading Down 2.8%

The company has a market capitalization of C$324.01 million, a P/E ratio of 4.97 and a beta of -0.31. The company has a debt-to-equity ratio of 21.78, a current ratio of 1.34 and a quick ratio of 1.11. The firm has a fifty day moving average price of C$17.92 and a 200-day moving average price of C$16.31.

About Velan

Velan Inc is an international manufacturer of industrial valves. It offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil, and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, pulp and paper, geothermal processes and shipbuilding. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.