Vecima Networks Inc. (TSE:VCM - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$14.55 and last traded at C$14.55, with a volume of 210 shares traded. The stock had previously closed at C$14.39.
Analyst Upgrades and Downgrades
Separately, Accountability Research reduced their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.
Read Our Latest Stock Analysis on Vecima Networks
Vecima Networks Trading Up 2.2 %
The company's fifty day moving average is C$16.15 and its two-hundred day moving average is C$19.14. The stock has a market cap of C$357.36 million, a price-to-earnings ratio of 18.38 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61.
Vecima Networks Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a yield of 1.50%. Vecima Networks's payout ratio is currently 27.50%.
Insider Transactions at Vecima Networks
In related news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last ninety days, insiders have acquired 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company's stock.
About Vecima Networks
(
Get Free Report)
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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