Velan (TSE:VLN) Reaches New 12-Month High - Here's Why

Velan Inc. (TSE:VLN - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$11.95 and last traded at C$11.90, with a volume of 82350 shares trading hands. The stock had previously closed at C$11.01.

The firm has a 50 day moving average of C$7.94 and a two-hundred day moving average of C$6.65. The firm has a market capitalization of C$69.23 million, a price-to-earnings ratio of -13.75 and a beta of 0.77. The company has a quick ratio of 1.11, a current ratio of 2.55 and a debt-to-equity ratio of 21.02.

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

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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