Velan Inc. (TSE:VLN – Get Free Report)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$15.74 and traded as high as C$16.75. Velan shares last traded at C$16.50, with a volume of 1,500 shares traded.
Velan Stock Down 1.2%
The company’s 50 day simple moving average is C$15.76 and its 200-day simple moving average is C$16.14. The company has a current ratio of 2.13, a quick ratio of 1.11 and a debt-to-equity ratio of 19.64. The firm has a market cap of C$351.85 million, a P/E ratio of 4.77 and a beta of 0.87.
Velan (TSE:VLN – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported C($0.12) EPS for the quarter. Velan had a return on equity of 41.06% and a net margin of 24.87%.The company had revenue of C$108.96 million during the quarter.
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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