Velan Inc. (TSE:VLN – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.74 and traded as high as C$16.75. Velan shares last traded at C$16.50, with a volume of 1,500 shares traded.
Velan Trading Up 2.5%
The firm has a market capitalization of C$356.17 million, a P/E ratio of 4.82 and a beta of 0.87. The company has a quick ratio of 1.11, a current ratio of 2.13 and a debt-to-equity ratio of 19.64. The business has a 50-day moving average price of C$15.74 and a 200-day moving average price of C$16.17.
Velan (TSE:VLN – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported C($0.12) EPS for the quarter. Velan had a return on equity of 41.06% and a net margin of 24.87%.The firm had revenue of C$108.96 million during the quarter.
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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