Shares of Velan Inc. (TSE:VLN – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$17.87 and traded as high as C$18.00. Velan shares last traded at C$17.88, with a volume of 2,104 shares changing hands.
Velan Price Performance
The company has a 50 day simple moving average of C$17.87 and a 200 day simple moving average of C$16.68. The company has a market capitalization of C$385.96 million, a price-to-earnings ratio of -15.15 and a beta of -0.06. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 32.75.
Velan (TSE:VLN – Get Free Report) last released its quarterly earnings data on Wednesday, October 7th. The company reported C($0.40) earnings per share for the quarter. Velan had a negative net margin of 9.31% and a negative return on equity of 14.80%. The firm had revenue of C$80.04 million during the quarter. During the same quarter in the prior year, the company earned ($0.11) earnings per share.
Velan Company Profile
Founded in Montreal in 1950, Velan Inc. ( www.velan.com ) is one of the world’s leading manufacturers of industrial valves, with sales from continuing operations of US$296.4 million in its last reported fiscal year. The Company employs 1,273 people and has manufacturing plants in 9 countries. Velan Inc.
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