Velan Inc. (TSE:VLN – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$15.32 and traded as low as C$15.24. Velan shares last traded at C$15.65, with a volume of 2,700 shares trading hands.
Velan Stock Down 1.3%
The company has a 50-day moving average of C$15.49 and a 200-day moving average of C$15.32. The company has a market capitalization of C$337.82 million, a price-to-earnings ratio of 1,565.00 and a beta of -0.55. The company has a current ratio of 1.34, a quick ratio of 1.11 and a debt-to-equity ratio of 21.78.
About Velan
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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