Velan Inc. (TSE:VLN – Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$15.83 and traded as high as C$16.24. Velan shares last traded at C$16.20, with a volume of 1,090 shares.
Velan Stock Performance
The firm’s fifty day simple moving average is C$15.89 and its 200 day simple moving average is C$16.07. The company has a market capitalization of C$364.59 million, a price-to-earnings ratio of 4.94 and a beta of 0.86. The company has a debt-to-equity ratio of 19.64, a current ratio of 2.13 and a quick ratio of 1.11.
Velan (TSE:VLN – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported C($0.12) earnings per share (EPS) for the quarter. The firm had revenue of C$108.96 million for the quarter. Velan had a net margin of 24.87% and a return on equity of 41.06%.
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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