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

Key Points

• Velan Inc.'s stock price fell below its 200-day moving average of C$15.19, trading as low as C$14.75 before closing at C$15.00.
• The company's market cap is approximately C$220.59 million with a negative price-to-earnings ratio of -3.46.
• Velan manufactures industrial valves used across various sectors including power generation, oil and gas, and petrochemicals.

Velan Inc. (TSE:VLN - )'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$15.19 and traded as low as C$14.75. Velan shares last traded at C$15.00, with a volume of 19,444 shares trading hands.

Velan Trading Up 1.4%

The company's 50 day moving average price is C$14.57 and its 200 day moving average price is C$15.19. The company has a market cap of C$220.59 million, a price-to-earnings ratio of -3.46 and a beta of 0.77. The company has a debt-to-equity ratio of 21.78, a quick ratio of 1.11 and a current ratio of 1.34.

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.

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