Velan Inc. (TSE:VLN – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.32 and traded as low as C$15.24. Velan shares last traded at C$15.65, with a volume of 2,700 shares traded.
Velan Trading Down 1.3%
The stock has a market capitalization of C$337.82 million, a P/E ratio of 1,565.00 and a beta of -0.55. 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 company has a 50-day moving average price of C$15.49 and a 200 day moving average price of C$15.32.
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.
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