Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat Purchases 1,000 Shares

Vecima Networks Inc. (TSE:VCM - Get Free Report) Director David Whitborne Rowat acquired 1,000 shares of Vecima Networks stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of C$11.48 per share, with a total value of C$11,477.00.

Vecima Networks Stock Performance

Vecima Networks stock traded down C$0.45 during midday trading on Friday, hitting C$10.75. 7,306 shares of the company were exchanged, compared to its average volume of 7,079. The firm has a market capitalization of C$257.99 million, a PE ratio of 13.03 and a beta of 0.63. Vecima Networks Inc. has a fifty-two week low of C$10.75 and a fifty-two week high of C$23.01. The business has a fifty day simple moving average of C$14.19 and a two-hundred day simple moving average of C$17.84. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 28th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.05%. The ex-dividend date is Friday, February 28th. Vecima Networks's dividend payout ratio (DPR) is 26.68%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Accountability Research reduced their price objective on Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Cormark cut Vecima Networks from a "buy" rating to a "market perform" rating and reduced their price objective for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th. Finally, Raymond James reduced their price objective on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

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.