Vecima Networks Inc. (TSE:VCM - Get Free Report) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$12.35 and last traded at C$12.50, with a volume of 1204 shares. The stock had previously closed at C$12.35.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Raymond James cut their price objective on shares of Vecima Networks from C$27.00 to C$20.00 in a report on Friday. Accountability Research cut their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Finally, Cormark downgraded shares of Vecima Networks from a "buy" rating to a "market perform" rating and cut their price target for the company from C$23.00 to C$14.00 in a report on Monday.
Get Our Latest Analysis on Vecima Networks
Vecima Networks Stock Performance
The company's fifty day simple moving average is C$14.76 and its 200 day simple moving average is C$18.21. 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 market capitalization of C$269.03 million, a P/E ratio of 13.59 and a beta of 0.63.
Vecima Networks Announces Dividend
The company 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 $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.96%. Vecima Networks's payout ratio is 26.68%.
Insider Buying and Selling at Vecima Networks
In other news, Senior Officer Clay Mccreery sold 1,600 shares of the firm'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 bought a total of 1,500 shares of company stock valued at $25,390 in the last three months. Company 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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