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Velan trading at strong volume February 01, 2017 17:00 EST

Feb 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Velan Inc. (TSX:VLN), Canada's 4th largest Industrial products company by market cap, closed unchanged at CAD17.55. The volume was 3.4 times the average trading volume of 1,837 shares.

SECTION 1

VELAN BEARISH SIGNALS

1.1 Fundamentals:

+ Earnings per share growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

+ Net profit margin has averaged 3.9% in the last 3 years. This suggests the com...