Shares of Velan Inc. (TSE:VLN – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.33 and traded as low as C$14.16. Velan shares last traded at C$15.06, with a volume of 3,400 shares traded.
Velan Stock Up 3.9%
The stock has a market cap of C$325.09 million, a price-to-earnings ratio of 4.99 and a beta of -0.31. The stock has a 50 day simple moving average of C$17.56 and a 200 day simple moving average of C$16.33. The company has a quick ratio of 1.11, a current ratio of 1.34 and a debt-to-equity ratio of 21.78.
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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