Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat Buys 1,000 Shares

Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of C$11.48 per share, for a total transaction of C$11,477.00.

Vecima Networks Price Performance

Vecima Networks stock traded down C$0.11 during trading on Thursday, reaching C$10.99. The company had a trading volume of 16,031 shares, compared to its average volume of 7,044. The firm’s 50-day simple moving average is C$14.31 and its 200 day simple moving average is C$17.91. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a market capitalization of C$263.75 million, a PE ratio of 13.33 and a beta of 0.63. Vecima Networks Inc. has a 1-year low of C$10.75 and a 1-year high of C$23.01.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be given a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 2.00%. Vecima Networks’s payout ratio is currently 26.68%.

Analyst Ratings Changes

VCM has been the topic of a number of research analyst reports. Accountability Research cut their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Raymond James decreased their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Finally, Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.