Velan (TSE:VLN) Hits New 1-Year High – Time to Buy?

Shares of Velan Inc. (TSE:VLNGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as C$18.97 and last traded at C$18.55, with a volume of 4400 shares trading hands. The stock had previously closed at C$18.14.

Velan Stock Performance

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 of C$16.85 and a 200 day moving average of C$15.57. The stock has a market cap of C$399.34 million, a price-to-earnings ratio of 1,850.00 and a beta of -0.29.

Velan Company Profile

(Get Free Report)

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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