Vecima Networks Inc. (TSE:VCM) Plans Quarterly Dividend of $0.06

Vecima Networks Inc. (TSE:VCM) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 dividend on an annualized basis and a yield of 1.93%.

Vecima Networks Stock Down 1.9 %

VCM opened at C$11.38 on Thursday. The company has a market capitalization of C$276.65 million, a PE ratio of 14.23 and a beta of 0.63. The firm has a 50-day simple moving average of C$15.01 and a two-hundred day simple moving average of C$18.33. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. Vecima Networks has a 52 week low of C$11.25 and a 52 week high of C$23.01.

Analyst Ratings Changes

A number of equities analysts recently commented on VCM shares. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and dropped their price target for the company from C$23.00 to C$14.00 in a research note on Monday. Accountability Research cut their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Insider Activity at Vecima Networks

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last quarter, insiders acquired 1,500 shares of company stock valued at $25,390. Insiders own 57.14% of the company’s stock.

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.