Vecima Networks (TSE:VCM) Sets New 52-Week Low - Time to Sell?

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as C$10.70 and last traded at C$10.50, with a volume of 3417 shares changing hands. The stock had previously closed at C$10.70.

Wall Street Analyst Weigh In

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

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a fifty day simple moving average of C$11.87 and a 200 day simple moving average of C$16.09. The company has a market capitalization of C$235.19 million, a PE ratio of 11.88 and a beta of 0.63.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 24th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.24%. Vecima Networks's dividend payout ratio is currently 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.

Remove Ads