Vecima Networks (TSE:VCM) Sets New 1-Year Low - Here's What Happened

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$8.60 and last traded at C$8.91, with a volume of 4161 shares traded. The stock had previously closed at C$9.00.

Analyst Ratings Changes

VCM has been the topic of a number of analyst reports. Cormark downgraded shares of Vecima Networks from a "buy" rating to a "market perform" rating and reduced their target price for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th. Raymond James reduced their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

Vecima Networks Trading Up 2.2 %

The business has a fifty day moving average price of C$10.66 and a two-hundred day moving average price of C$15.00. 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 firm has a market capitalization of C$230.15 million, a PE ratio of 11.63 and a beta of 0.63.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.29%. The ex-dividend date was Friday, February 28th. Vecima Networks's dividend payout ratio (DPR) is presently 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.