Velan Inc. (TSE:VLN – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.26 and traded as high as C$16.99. Velan shares last traded at C$16.40, with a volume of 4,551 shares trading hands.
Velan Trading Up 3.8%
The company has a quick ratio of 1.11, a current ratio of 1.34 and a debt-to-equity ratio of 21.78. The firm’s fifty day moving average is C$15.26 and its two-hundred day moving average is C$15.32. The firm has a market cap of C$354.01 million, a P/E ratio of 126.15 and a beta of -0.55.
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.
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