Velan (TSE:VLN) Posts Quarterly Earnings Results

Velan (TSE:VLN) released its earnings results on Thursday. The company reported C$0.01 EPS for the quarter, reports. The company had revenue of C$135.12 million for the quarter. Velan had a negative return on equity of 6.74% and a negative net margin of 3.52%.

Velan Price Performance

Velan stock opened at C$9.71 on Friday. Velan has a 12 month low of C$5.03 and a 12 month high of C$9.95. The company has a current ratio of 2.63, a quick ratio of 1.11 and a debt-to-equity ratio of 21.54. The business’s 50 day simple moving average is C$6.89 and its 200 day simple moving average is C$6.27. The company has a market cap of C$58.45 million, a price-to-earnings ratio of -12.45 and a beta of 0.72.

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.