Vecima Networks (TSE:VCM) Hits New 1-Year Low – Here’s What Happened

Vecima Networks Inc. (TSE:VCM) shares reached 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 changing hands. The stock had previously closed at C$14.39.

Analysts Set New Price Targets

Separately, Accountability Research dropped their target price on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Trading Down 0.7 %

The company has a market capitalization of C$350.06 million, a price-to-earnings ratio of 18.00 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. The business’s 50-day moving average price is C$15.95 and its two-hundred day moving average price is C$19.01.

Vecima Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Transactions at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last 90 days, insiders have acquired 1,500 shares of company stock worth $25,390. Company insiders own 57.14% of the company’s stock.

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.