Velan Inc. (TSE:VLN - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$15.21 and traded as low as C$15.00. Velan shares last traded at C$15.15, with a volume of 9,601 shares trading hands.
Velan Stock Performance
The company has a current ratio of 1.34, a quick ratio of 1.11 and a debt-to-equity ratio of 21.78. The firm's fifty day moving average price is C$14.76 and its 200-day moving average price is C$15.27. The firm has a market cap of C$220.73 million, a price-to-earnings ratio of -3.47 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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