Vecima Networks Inc. (TSE:VCM) Director Acquires C$23,000.00 in Stock

Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of C$11.50 per share, for a total transaction of C$23,000.00.

Vecima Networks Stock Performance

Shares of Vecima Networks stock opened at C$10.75 on Friday. The company has a 50 day moving average of C$14.19 and a 200-day moving average of C$17.84. The company has a market cap of C$257.99 million, a PE ratio of 13.03 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. 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 is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 2.05%. Vecima Networks’s dividend payout ratio is currently 26.68%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VCM. Accountability Research lowered their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Raymond James lowered their price objective on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Finally, Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and cut their target price 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.