Velan (TSE:VLN) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Velan Inc. (TSE:VLN) stock price dropped below its 200-day moving average of C$15.25, reaching a low of C$14.16 during trading on Friday.
• The company's current trading price is C$14.45, with a market capitalization of C$212.50 million and a negative P/E ratio of -3.34.
• Velan is an international manufacturer of industrial valves, serving various industries including power generation, oil and gas, and chemical processing.

Velan Inc. (TSE:VLN - ) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$15.25 and traded as low as C$14.16. Velan shares last traded at C$14.45, with a volume of 4,511 shares traded.

Velan Price Performance

The firm has a 50 day moving average price of C$14.49 and a 200 day moving average price of C$15.25. 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 stock has a market cap of C$212.50 million, a P/E ratio of -3.34 and a beta of 0.77.

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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