Vecima Networks (TSE:VCM) Hits New 12-Month Low - What's Next?

Vecima Networks Inc. (TSE:VCM - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$8.98 and last traded at C$10.20, with a volume of 2939 shares changing hands. The stock had previously closed at C$9.80.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on VCM. Cormark lowered shares of Vecima Networks from a "buy" rating to a "market perform" rating and decreased their target price for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th. Raymond James decreased their target price on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th.

Vecima Networks Trading Down 7.1 %

The firm has a market capitalization of C$220.79 million, a price-to-earnings ratio of 11.16 and a beta of 0.63. The company has a fifty day moving average price of C$11.42 and a 200-day moving average price of C$15.71. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 24th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.39%. Vecima Networks's dividend payout ratio (DPR) is presently 26.68%.

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.