Velan (TSE:VLN) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Velan Inc. (TSE:VLNGet Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$15.36 and traded as high as C$15.85. Velan shares last traded at C$15.60, with a volume of 10,925 shares traded.

Velan Stock Performance

The company has a current ratio of 1.34, a quick ratio of 1.11 and a debt-to-equity ratio of 21.78. The stock has a fifty day moving average price of C$15.36 and a 200-day moving average price of C$15.30. The firm has a market capitalization of C$336.74 million, a price-to-earnings ratio of 1,560.00 and a beta of -0.55.

Velan Company Profile

(Get Free Report)

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.

Further Reading

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