Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds Acquires 2,000 Shares

Vecima Networks Inc. (TSE:VCM - Get Free Report) Director Scott Blair Edmonds acquired 2,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average cost of C$11.50 per share, with a total value of C$23,000.00.

Vecima Networks Price Performance

Vecima Networks stock traded down C$0.45 during mid-day trading on Friday, reaching C$10.75. 7,306 shares of the company were exchanged, compared to its average volume of 7,079. The company has a fifty day simple moving average of C$14.19 and a 200-day simple moving average of C$17.84. Vecima Networks Inc. has a 12 month low of C$10.75 and a 12 month high of C$23.01. 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 firm has a market cap of C$257.99 million, a PE ratio of 13.03 and a beta of 0.63.

Vecima Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be paid 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 dividend payout ratio (DPR) is presently 26.68%.

Wall Street Analysts Forecast Growth

VCM has been the topic of a number of recent research reports. Cormark lowered Vecima Networks from a "buy" rating to a "market perform" rating and lowered their target price for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th. Accountability Research lowered their target price on Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Finally, Raymond James lowered their target price on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

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.