Vecima Networks (TSE:VCM) Hits New 1-Year Low - Should You Sell?

Vecima Networks Inc. (TSE:VCM - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$10.55 and last traded at C$11.00, with a volume of 670 shares traded. The stock had previously closed at C$11.00.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VCM. Raymond James reduced their price objective on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Cormark cut Vecima Networks from a "buy" rating to a "market perform" rating and reduced their price objective for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th.

Vecima Networks Price Performance

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 company has a market capitalization of C$257.99 million, a P/E ratio of 13.03 and a beta of 0.63. The business has a 50 day simple moving average of C$12.41 and a 200-day simple moving average of C$16.50.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 24th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, February 28th. Vecima Networks's payout ratio is 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.