Clay Mccreery Sells 800 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) Senior Officer Clay Mccreery sold 800 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of C$16.00, for a total transaction of C$12,800.00.

Clay Mccreery also recently made the following trade(s):

• On Wednesday, December 4th, Clay Mccreery sold 1,600 shares of Vecima Networks stock. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00.

Vecima Networks Price Performance

VCM traded up C$0.51 on Friday, hitting C$15.97. 1,300 shares of the company were exchanged, compared to its average volume of 1,530. The business’s fifty day moving average is C$17.20 and its 200 day moving average is C$19.65. Vecima Networks Inc. has a fifty-two week low of C$14.50 and a fifty-two week high of C$23.01. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The firm has a market capitalization of C$388.23 million, a P/E ratio of 19.96 and a beta of 0.63.

Vecima Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 annualized dividend and a yield of 1.38%. Vecima Networks’s dividend payout ratio is presently 27.50%.

Wall Street Analysts Forecast Growth

Separately, Accountability Research reduced their target price on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

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.