Vecima Networks Inc. (TSE:VCM - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as C$10.55 and last traded at C$10.55, with a volume of 3425 shares. The stock had previously closed at C$10.95.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on VCM. Raymond James dropped their price target on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Accountability Research dropped their price target on Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th. Finally, Cormark downgraded Vecima Networks from a "buy" rating to a "market perform" rating and dropped their price target for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th.
Check Out Our Latest Analysis on VCM
Vecima Networks Trading Up 2.3 %
The company has a market capitalization of C$263.99 million, a PE ratio of 13.34 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The stock has a fifty day moving average of C$12.80 and a two-hundred day moving average of C$16.78.
Vecima Networks Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 24th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. Vecima Networks's dividend payout ratio is 26.68%.
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.
Further Reading
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