Velan (TSE:VLN) Share Price Crosses Below 200-Day Moving Average of $8.90

Velan Inc. (TSE:VLNGet Rating)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$8.90 and traded as low as C$7.32. Velan shares last traded at C$7.32, with a volume of 826 shares.

Velan Stock Performance

The business has a 50-day moving average price of C$8.23 and a 200-day moving average price of C$8.90. The firm has a market capitalization of C$158.01 million and a price-to-earnings ratio of -5.78. The company has a quick ratio of 1.09, a current ratio of 2.57 and a debt-to-equity ratio of 18.17.

Velan (TSE:VLNGet Rating) last posted its quarterly earnings results on Wednesday, May 18th. The company reported C$0.41 EPS for the quarter. The business had revenue of C$158.74 million during the quarter.

Velan Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Friday, June 17th were issued a $0.03 dividend. The ex-dividend date was Thursday, June 16th. This represents a $0.12 dividend on an annualized basis and a yield of 1.64%.

About Velan

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Velan Inc designs, manufactures, and markets industrial valves worldwide. It offers cryogenic valves comprising cast steel cryogenic, small forged cryogenic, cryogenic triple-offset, memoryseal 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, high performance three-piece ball, general purpose ball, triple-offset, high performance cryogenic butterfly, coker ball, and cap-tight batch digester capping valves.

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