Velan (TSE:VLN) Share Price Crosses Above 50-Day Moving Average of $6.11

Velan Inc. (TSE:VLN)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$6.11 and traded as high as C$6.35. Velan shares last traded at C$6.15, with a volume of 700 shares changing hands.

Velan Stock Performance

The company has a market cap of C$37.93 million, a PE ratio of -8.08 and a beta of 0.73. The company has a debt-to-equity ratio of 21.54, a current ratio of 2.63 and a quick ratio of 1.11. The business has a 50-day moving average of C$6.12 and a 200 day moving average of C$5.83.

Velan (TSE:VLN) last released its quarterly earnings results on Thursday, July 11th. The company reported C($0.07) earnings per share (EPS) for the quarter. Velan had a negative net margin of 3.52% and a negative return on equity of 6.74%. The company had revenue of C$105.64 million for the quarter.

Velan Company Profile

Velan Inc designs, manufactures, and markets industrial valves worldwide. The company offers quarter-turn valves, such as ball, high performance three-piece ball, general purpose ball, metal-seated ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves; and gate, globe, and check valves, including pressure seal, bolted bonnet high pressure, cast steel, cast stainless steel corrosion resistant, small forged, bonnetless, and dual-plate check valves, as well as maintenance valves for nuclear service.