Velan (TSE:VLN) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Velan Inc. (TSE:VLN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.36 and traded as low as C$15.27. Velan shares last traded at C$15.67, with a volume of 2,957 shares trading hands.

Velan Stock Performance

The company has a debt-to-equity ratio of 21.78, a quick ratio of 1.11 and a current ratio of 1.34. The company has a market cap of C$338.25 million, a price-to-earnings ratio of 5.19 and a beta of -0.67. The firm’s 50-day moving average price is C$16.87 and its 200 day moving average price is C$16.36.

Velan Company Profile

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.