Velan Inc. (TSE:VLN – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.33 and traded as low as C$14.16. Velan shares last traded at C$15.06, with a volume of 3,400 shares traded.
Velan Stock Performance
The company has a market cap of C$325.09 million, a P/E ratio of 4.99 and a beta of -0.31. The stock has a 50 day moving average price of C$17.56 and a two-hundred day moving average price of C$16.33. The company has a quick ratio of 1.11, a current ratio of 1.34 and a debt-to-equity ratio of 21.78.
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.
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