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Velan (TSE:VLN) Stock Price Crosses Below 200 Day Moving Average - What's Next?

Velan logo with Industrials background

Velan Inc. (TSE:VLN - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$14.70 and traded as low as C$13.90. Velan shares last traded at C$14.29, with a volume of 1,900 shares trading hands.

Velan Trading Up 2.1%

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 stock has a fifty day moving average of C$15.52 and a 200 day moving average of C$14.81. The company has a market capitalization of C$216.18 million, a PE ratio of -3.39 and a beta of 0.77.

Velan Company Profile

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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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