Vecima Networks (TSE:VCM) Reaches New 12-Month Low – What’s Next?

Vecima Networks Inc. (TSE:VCM) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$14.55 and last traded at C$14.55, with a volume of 210 shares traded. The stock had previously closed at C$14.39.

Analyst Upgrades and Downgrades

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

Vecima Networks Trading Up 2.2 %

The company’s fifty day moving average is C$16.15 and its two-hundred day moving average is C$19.14. The stock has a market cap of C$357.36 million, a price-to-earnings ratio of 18.38 and a beta of 0.63. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.50%. Vecima Networks’s payout ratio is currently 27.50%.

Insider Transactions at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last ninety days, insiders have acquired 1,500 shares of company stock worth $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.