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Velan (TSE:VLN) Stock Passes Above 50-Day Moving Average - Should You Sell?

Velan logo with Industrials background

Key Points

  • Velan Inc.'s stock price has recently risen above its 50-day moving average of C$15.26, trading at C$16.40 with a high of C$16.99.
  • The company's market capitalization is approximately C$354.01 million, with a P/E ratio of 126.15 and a beta of -0.55.
  • Velan is a manufacturer of industrial valves, serving various sectors including power generation, oil and gas, and chemical industries.
  • Five stocks to consider instead of Velan.

Velan Inc. (TSE:VLN - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$15.26 and traded as high as C$16.99. Velan shares last traded at C$16.40, with a volume of 4,551 shares trading hands.

Velan Trading Up 3.8%

The company has a quick ratio of 1.11, a current ratio of 1.34 and a debt-to-equity ratio of 21.78. The firm's fifty day moving average is C$15.26 and its two-hundred day moving average is C$15.32. The firm has a market cap of C$354.01 million, a P/E ratio of 126.15 and a beta of -0.55.

Velan Company Profile

(Get Free Report)

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.

Further Reading

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