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

Vecima Networks Inc. (TSE:VCM - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$11.00 and last traded at C$11.20, with a volume of 7809 shares trading hands. The stock had previously closed at C$11.01.

Analyst Ratings Changes

Several research firms have recently weighed in on VCM. Accountability Research decreased their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Cormark downgraded Vecima Networks from a "buy" rating to a "market perform" rating and lowered their target price for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th. Finally, Raymond James lowered their target price on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

Vecima Networks Trading Down 4.0 %

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 stock has a fifty day simple moving average of C$14.19 and a 200 day simple moving average of C$17.84. The firm has a market capitalization of C$257.99 million, a P/E ratio of 13.03 and a beta of 0.63.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th 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 yield of 2.05%. Vecima Networks's dividend payout ratio is presently 26.68%.

Insider Buying and Selling at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. Insiders have acquired a total of 5,500 shares of company stock valued at $71,193 over the last ninety days. 57.14% of the stock is currently owned by company insiders.

About Vecima Networks

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.