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

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as C$13.75 and last traded at C$13.75, with a volume of 1435 shares trading hands. The stock had previously closed at C$14.16.

Analysts Set New Price Targets

Separately, Accountability Research cut their price objective on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Trading Down 1.1 %

The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. The firm has a market cap of C$340.34 million, a PE ratio of 17.50 and a beta of 0.63. The company's 50-day moving average is C$15.84 and its 200 day moving average is C$18.90.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.57%. Vecima Networks's dividend payout ratio (DPR) is presently 27.50%.

Insider Activity

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. Over the last quarter, insiders have acquired 1,500 shares of company stock worth $25,390. 57.14% of the stock is owned by corporate insiders.

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.

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