Insider Buying: Vecima Networks Inc. (TSE:VCM) Director Buys 2,000 Shares of Stock

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

Vecima Networks Trading Up 0.7 %

Shares of TSE VCM traded up C$0.08 during trading hours on Friday, reaching C$11.28. The stock had a trading volume of 6,300 shares, compared to its average volume of 7,051. Vecima Networks Inc. has a 52-week low of C$10.75 and a 52-week high of C$23.01. The firm has a market cap of C$270.71 million, a price-to-earnings ratio of 13.68 and a beta of 0.63. The business's fifty day moving average price is C$14.19 and its two-hundred day moving average price is C$17.84. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94.

Vecima Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks's dividend payout ratio is 26.68%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Cormark lowered Vecima Networks from a "buy" rating to a "market perform" rating and decreased their price target 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 shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Finally, Raymond James reduced their price target on shares of 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.