Velan Inc. (TSE:VLN - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.35 and traded as low as C$14.81. Velan shares last traded at C$14.91, with a volume of 5,985 shares trading hands.
Velan Trading Down 0.7%
The stock has a market capitalization of C$219.12 million, a P/E ratio of -3.44 and a beta of 0.77. The firm's 50 day moving average price is C$14.57 and its 200 day moving average price is C$15.39. The company has a debt-to-equity ratio of 21.78, a current ratio of 1.34 and a quick ratio of 1.11.
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
Before you consider Velan, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Velan wasn't on the list.
While Velan currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.