Velan (TSE:VLN) Reaches New 12-Month High - Should You Buy?

Shares of Velan Inc. (TSE:VLN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as C$8.99 and last traded at C$8.59, with a volume of 39200 shares traded. The stock had previously closed at C$8.27.

The company has a quick ratio of 1.11, a current ratio of 2.63 and a debt-to-equity ratio of 21.54. The business has a 50 day simple moving average of C$6.82 and a two-hundred day simple moving average of C$6.24. The firm has a market cap of C$52.07 million, a PE ratio of -11.09 and a beta of 0.72.

Velan (TSE:VLN - Get Free Report) last released its earnings results on Thursday, July 11th. The company reported C($0.07) earnings per share for the quarter. Velan had a negative return on equity of 6.74% and a negative net margin of 3.52%. The business had revenue of C$105.64 million during the quarter.

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.

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