Velan Inc. (TSE:VLN) hit a new 52-week low on Tuesday . The stock traded as low as C$7.22 and last traded at C$7.22, with a volume of 180 shares changing hands. The stock had previously closed at C$7.25.
The company’s fifty day moving average is C$8.73 and its two-hundred day moving average is C$8.99. The firm has a market capitalization of $160.00 million and a price-to-earnings ratio of -21.21. The company has a quick ratio of 1.15, a current ratio of 2.05 and a debt-to-equity ratio of 23.32.
Velan (TSE:VLN) last issued its earnings results on Thursday, July 11th. The company reported C($0.36) EPS for the quarter. The business had revenue of C$112.31 million for the quarter.
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.
Further Reading: Trade War
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