Velan Inc. designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal ball, and cryogenic control valves; gate, globe, and check valves, including pressure seal, cast steel, small forged, dual-plate check, bolted bonnet high pressure, cast stainless steel corrosion resistant, bonnetless, and knife gate valves, as well as maintenance valves for nuclear service; and quarter-turn valves, such as ball, metal-seated ball, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves. The company also provides cast and small forged hydrofluoric acid valves; and bellows seal bolted bonnet high pressure, seal cast steel, and seal API small forged valves. In addition, it offers bimetallic and thermodynamic steam traps. The company serves nuclear power, power, oil and gas, refining, chemical, pulp and paper, marine, mining, LNG and cryogenics, and water and wastewater sectors. It primarily sells its products through independent third-party distributors and sales agents. The company was formerly known as Velan Engineering Ltd. and changed its name to Velan Inc. in February 1981. Velan Inc. was founded in 1950 and is headquartered in Montréal, Canada.
Velan Price Performance
VLN Stock opened at C$7.63 on Monday. The company has a debt-to-equity ratio of 18.17, a quick ratio of 1.09 and a current ratio of 2.57. The company's fifty day moving average price is C$8.09 and its 200-day moving average price is C$8.84. Velan has a one year low of C$7.25 and a one year high of C$10.70. The company has a market capitalization of C$164.70 million and a PE ratio of -6.02.
Velan (TSE:VLN - Get Rating) last released its quarterly earnings data on Wednesday, May 18th. The company reported C$0.41 EPS for the quarter. The company had revenue of C$158.74 million for the quarter.
Velan Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 17th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Thursday, June 16th.