Velan (TSE:VLN) Announces Quarterly Earnings Results

Velan (TSE:VLN) announced its quarterly earnings results on Thursday. The company reported C$0.01 earnings per share for the quarter, reports. Velan had a negative net margin of 3.52% and a negative return on equity of 6.74%. The company had revenue of C$135.12 million for the quarter.

Velan Trading Up 12.3 %

Shares of TSE:VLN opened at C$9.71 on Friday. The company’s fifty day simple moving average is C$6.89 and its 200 day simple moving average is C$6.27. Velan has a 12 month low of C$5.03 and a 12 month high of C$9.95. The firm has a market cap of C$58.45 million, a price-to-earnings ratio of -12.45 and a beta of 0.72. The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 21.54.

Velan Company Profile

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.