Velan (TSE:VLN) Share Price Passes Below Two Hundred Day Moving Average of $5.43

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Velan Inc. (TSE:VLN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.43 and traded as low as $5.39. Velan shares last traded at $5.39, with a volume of 800 shares trading hands.

The company has a debt-to-equity ratio of 26.05, a current ratio of 1.89 and a quick ratio of 1.06. The stock has a market cap of $32.38 million and a price-to-earnings ratio of -9.28. The business’s 50-day simple moving average is C$5.58 and its two-hundred day simple moving average is C$5.42.

Velan (TSE:VLN) last issued its earnings results on Thursday, July 9th. The company reported C($0.13) earnings per share for the quarter. The business had revenue of C$107.24 million for the quarter.

About Velan (TSE:VLN)

Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, 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, forged ball, power ball, high performance three-piece ball, general purpose ball, triple-offset butterfly, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.

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