Shares of Velan Inc. (TSE:VLN – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.34 and traded as low as C$15.90. Velan shares last traded at C$16.00, with a volume of 401 shares changing hands.
Velan Stock Up 0.9%
The company’s fifty day moving average price is C$15.64 and its 200-day moving average price is C$16.34. The stock has a market capitalization of C$345.38 million, a PE ratio of 4.68 and a beta of 0.87. The company has a quick ratio of 1.11, a current ratio of 2.13 and a debt-to-equity ratio of 19.64.
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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