Vecima Networks (TSE:VCM) Sets New 12-Month Low - Should You Sell?

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as C$10.55 and last traded at C$10.75, with a volume of 8468 shares. The stock had previously closed at C$10.55.

Analyst Ratings Changes

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

Vecima Networks Stock Up 2.1 %

The firm has a market capitalization of C$260.87 million, a P/E ratio of 13.18 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The stock has a 50 day moving average of C$13.62 and a 200-day moving average of C$17.38.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 24th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks's dividend payout ratio (DPR) is currently 26.68%.

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Insider Buying and Selling

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the business's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last ninety days, insiders acquired 5,500 shares of company stock valued at $68,353 and sold 3,200 shares valued at $49,632. 57.14% of the stock is owned by 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.