Shares of Velan Inc. (TSE:VLN – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.31 and traded as low as C$15.00. Velan shares last traded at C$15.01, with a volume of 8,806 shares.
Velan Stock Performance
The company has a 50-day simple moving average of C$17.87 and a two-hundred day simple moving average of C$16.32. The company has a debt-to-equity ratio of 21.78, a quick ratio of 1.11 and a current ratio of 1.34. The firm has a market capitalization of C$330.91 million, a P/E ratio of 5.08 and a beta of -0.31.
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. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.
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