Vecima Networks (TSE:VCM) Price Target Lowered to C$24.00 at Accountability Research

Vecima Networks (TSE:VCM - Get Free Report) had its price objective lowered by investment analysts at Accountability Research from C$27.00 to C$24.00 in a report released on Friday,BayStreet.CA reports. Accountability Research's target price indicates a potential upside of 37.14% from the company's current price.

Vecima Networks Stock Down 0.1 %

VCM stock traded down C$0.02 during mid-day trading on Friday, hitting C$17.50. 3,400 shares of the company were exchanged, compared to its average volume of 3,250. The firm has a fifty day simple moving average of C$20.26 and a 200 day simple moving average of C$20.69. The company has a market capitalization of C$425.43 million, a PE ratio of 21.88 and a beta of 0.63. Vecima Networks has a twelve month low of C$14.50 and a twelve month high of C$23.01. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61.

Vecima Networks (TSE:VCM - Get Free Report) last released its earnings results on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing analysts' consensus estimates of C$0.47 by C($0.13). Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. The firm had revenue of C$87.48 million for the quarter, compared to the consensus estimate of C$92.93 million. On average, research analysts forecast that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

Insider Activity

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of Vecima Networks stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total transaction of C$41,160.00. Corporate insiders own 57.14% of the company's stock.

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.