Velan (TSE:VLN) Stock Price Down 0.8% – What’s Next?

Velan Inc. (TSE:VLN)’s stock price fell 0.8% during trading on Wednesday . The stock traded as low as C$10.00 and last traded at C$10.47. 32,565 shares were traded during trading, an increase of 190% from the average session volume of 11,226 shares. The stock had previously closed at C$10.55.

Velan Stock Down 0.8 %

The stock has a market capitalization of C$63.03 million, a price-to-earnings ratio of -13.09 and a beta of 0.77. The firm has a 50-day moving average of C$10.83 and a 200 day moving average of C$7.88. The company has a current ratio of 2.55, a quick ratio of 1.11 and a debt-to-equity ratio of 21.02.

Velan (TSE:VLN) last released its quarterly earnings results on Thursday, October 10th. The company reported C$0.01 earnings per share for the quarter. The business had revenue of C$135.12 million during the quarter. Velan had a negative net margin of 2.75% and a negative return on equity of 5.57%.

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.