684739 B.C. Ltd. Buys 1,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. purchased 1,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price 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. acquired 500 shares of Vecima Networks stock. The stock was acquired at an average cost of C$16.72 per share, with a total value of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was acquired at an average price 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 shares were bought at an average price of C$17.17 per share, with a total value of C$8,585.00.

Vecima Networks Stock Down 4.0 %

TSE:VCM traded down C$0.45 during trading hours on Friday, reaching C$10.75. The company's stock had a trading volume of 7,306 shares, compared to its average volume of 7,079. Vecima Networks Inc. has a one year low of C$10.75 and a one year high of C$23.01. The business's 50-day moving average is C$14.19 and its 200-day moving average is C$17.84. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The company has a market cap of C$257.99 million, a price-to-earnings ratio of 13.03 and a beta of 0.63.

Vecima Networks Dividend Announcement

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 dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 2.05%. Vecima Networks's payout ratio is currently 26.68%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on VCM shares. Cormark cut shares of 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. Raymond James cut their price target on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Finally, Accountability Research lowered their price target on Vecima Networks from C$27.00 to C$24.00 in a research note 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.