Vecima Networks (TSE:VCM - Get Free Report) had its price target lowered by equities researchers at Raymond James from C$27.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. Raymond James' price objective points to a potential upside of 81.65% from the company's current price.
VCM has been the topic of a number of other reports. Cormark lowered shares of Vecima Networks from a "buy" rating to a "market perform" rating and decreased their target price for the stock from C$23.00 to C$14.00 in a research note on Monday. Accountability Research decreased their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.
Read Our Latest Research Report on VCM
Vecima Networks Price Performance
VCM traded up C$0.01 during trading on Friday, reaching C$11.01. The company's stock had a trading volume of 300 shares, compared to its average volume of 6,369. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The firm has a fifty day simple moving average of C$14.76 and a two-hundred day simple moving average of C$18.21. Vecima Networks has a 1 year low of C$11.00 and a 1 year high of C$23.01. The company has a market cap of C$264.23 million, a price-to-earnings ratio of 13.35 and a beta of 0.63.
Insider Activity at Vecima Networks
In other news, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. In the last quarter, insiders purchased 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company's stock.
Vecima Networks Company Profile
(
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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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