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

Velan Inc. (TSE:VLN – Get 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:VLN – Get 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

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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.