Vecima Networks (TSE:VCM) Shares Cross Above 200 Day Moving Average of $18.78

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$18.78 and traded as high as C$21.74. Vecima Networks shares last traded at C$21.43, with a volume of 450 shares traded.

Wall Street Analyst Weigh In

Separately, Cormark lifted their price objective on shares of Vecima Networks from C$23.00 to C$27.00 in a research report on Thursday, April 4th.

Vecima Networks Stock Performance

The business's 50-day moving average price is C$20.98 and its 200-day moving average price is C$18.79. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 43.54. The stock has a market cap of C$499.57 million, a PE ratio of 30.67 and a beta of 0.65.

Vecima Networks (TSE:VCM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.27 by C($0.03). Vecima Networks had a return on equity of 7.34% and a net margin of 5.82%. The firm had revenue of C$80.14 million during the quarter, compared to analysts' expectations of C$79.99 million. As a group, equities research analysts expect that Vecima Networks Inc. will post 1.520387 earnings per share for the current fiscal year.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 24th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Thursday, May 23rd. Vecima Networks's dividend payout ratio (DPR) is presently 32.84%.

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.