Shares of Velan Inc. (TSE:VLN – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.44 and traded as low as C$15.60. Velan shares last traded at C$15.85, with a volume of 1,945 shares changing hands.
Velan Stock Down 0.6%
The business’s fifty day simple moving average is C$16.23 and its two-hundred day simple moving average is C$16.45. The company has a market cap of C$339.98 million, a PE ratio of 5.22 and a beta of 0.84. The company has a debt-to-equity ratio of 19.29, a current ratio of 2.34 and a quick ratio of 1.11.
About Velan
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. The company operates in various geographical regions, which are Canada, the United States, France, Italy, and Other countries.
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