Velan (TSE:VLN) Stock Price Crosses Above 200 Day Moving Average of $0.00

Velan Inc. (TSE:VLN)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as high as $9.06. Velan shares last traded at $9.05, with a volume of 600 shares trading hands.

The company has a debt-to-equity ratio of 17.43, a quick ratio of 1.22 and a current ratio of 2.10. The company’s 50-day moving average price is C$9.04. The firm has a market cap of $201.73 million and a P/E ratio of -39.26.

Velan (TSE:VLN) last announced its earnings results on Thursday, May 16th. The company reported C$0.09 EPS for the quarter. The business had revenue of C$140.35 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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