Vecima Networks Inc. (TSE:VCM) Senior Officer Sells C$12,800.00 in Stock

Vecima Networks Inc. (TSE:VCM) Senior Officer Clay Mccreery sold 800 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of C$16.00, for a total transaction of C$12,800.00.

Clay Mccreery also recently made the following trade(s):

• On Wednesday, December 4th, Clay Mccreery sold 1,600 shares of Vecima Networks stock. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00.

Vecima Networks Trading Up 3.3 %

Shares of TSE VCM traded up C$0.51 during midday trading on Friday, reaching C$15.97. 1,300 shares of the stock were exchanged, compared to its average volume of 1,530. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. The company has a market capitalization of C$388.23 million, a P/E ratio of 19.96 and a beta of 0.63. The stock has a 50 day moving average price of C$17.20 and a 200-day moving average price of C$19.65. Vecima Networks Inc. has a 52-week low of C$14.50 and a 52-week high of C$23.01.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.22 annualized dividend and a yield of 1.38%. Vecima Networks’s dividend payout ratio (DPR) is presently 27.50%.

Analyst Upgrades and Downgrades

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

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.