Velan (TSE:VLN) Trading Down 0.8% – Here’s What Happened

Shares of Velan Inc. (TSE:VLN) fell 0.8% on Wednesday . The stock traded as low as C$10.00 and last traded at C$10.47. 32,565 shares traded hands 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 Trading Up 4.5 %

The company has a debt-to-equity ratio of 21.02, a quick ratio of 1.11 and a current ratio of 2.55. The firm has a 50-day moving average of C$10.92 and a 200-day moving average of C$7.92. The firm has a market capitalization of C$66.04 million, a P/E ratio of -13.71 and a beta of 0.77.

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

About Velan

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.