Velan (TSE:VLN) Hits New 1-Year High – Here’s Why

Shares of Velan Inc. (TSE:VLN) reached a new 52-week high on Monday . The company traded as high as C$11.00 and last traded at C$11.98, with a volume of 89648 shares traded. The stock had previously closed at C$11.00.

Velan Price Performance

The company has a current ratio of 2.55, a quick ratio of 1.11 and a debt-to-equity ratio of 21.02. The company has a market capitalization of C$71.04 million, a PE ratio of -14.75 and a beta of 0.77. The stock has a fifty day simple moving average of C$11.06 and a 200-day simple moving average of C$8.65.

Velan (TSE:VLN) last issued its quarterly earnings data on Thursday, October 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company 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.