Velan (TSE:VLN) Share Price Crosses Below 200-Day Moving Average of $8.90

Velan Inc. (TSE:VLNGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$8.90 and traded as low as C$7.32. Velan shares last traded at C$7.32, with a volume of 826 shares traded.

Velan Price Performance

The company has a debt-to-equity ratio of 18.17, a current ratio of 2.57 and a quick ratio of 1.09. The firm has a 50-day moving average of C$8.20 and a 200-day moving average of C$8.89. The stock has a market cap of C$161.03 million and a PE ratio of -5.89.

Velan (TSE:VLNGet Rating) last posted its quarterly earnings data on Wednesday, May 18th. The company reported C$0.41 earnings per share (EPS) for the quarter. The company had revenue of C$158.74 million during 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 paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Thursday, June 16th.

Velan Company Profile

(Get Rating)

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.

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