Insider Buying: Vecima Networks Inc. (TSE:VCM) Insider Buys 1,000 Shares of Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$11.33 per share, for a total transaction of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$16.72 per share, for a total transaction of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$16.89 per share, for a total transaction of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. purchased 500 shares of Vecima Networks stock. The stock was bought at an average price of C$17.17 per share, with a total value of C$8,585.00.

Vecima Networks Stock Down 6.3 %

Shares of Vecima Networks stock traded down C$0.74 during trading hours on Tuesday, hitting C$11.01. 11,939 shares of the company’s stock traded hands, compared to its average volume of 6,591. The stock has a 50 day simple moving average of C$14.54 and a 200-day simple moving average of C$18.01. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The company has a market cap of C$264.23 million, a PE ratio of 13.35 and a beta of 0.63. Vecima Networks Inc. has a twelve month low of C$11.00 and a twelve month high of C$23.01.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. Vecima Networks’s dividend payout ratio is presently 26.68%.

Analysts Set New Price Targets

Several analysts recently issued reports on VCM shares. Accountability Research lowered their price target on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Raymond James lowered their price target on Vecima Networks from C$27.00 to C$20.00 in a report on Friday. Finally, Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and lowered their price target for the company from C$23.00 to C$14.00 in a report on Monday, February 10th.

About Vecima Networks

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.