684739 B.C. Ltd. Buys 1,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$11.33 per share, for a total transaction of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$16.72 per share, with a total value of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$16.89 per share, with a total value of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$17.17 per share, with a total value of C$8,585.00.

Vecima Networks Stock Performance

Shares of TSE VCM traded down C$0.74 during midday trading on Tuesday, hitting C$11.01. 11,939 shares of the company’s stock were exchanged, compared to its average volume of 6,591. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The stock’s 50 day moving average price is C$14.54 and its 200-day moving average price is C$18.01. The firm has a market cap of C$264.23 million, a P/E ratio of 13.35 and a beta of 0.63. Vecima Networks Inc. has a twelve month low of C$11.00 and a twelve month high of C$23.01.

Vecima Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. Vecima Networks’s dividend payout ratio is presently 26.68%.

Analysts Set New Price Targets

A number of equities analysts have commented on VCM shares. Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and decreased their target price for the company from C$23.00 to C$14.00 in a research note on Monday, February 10th. 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. Finally, Raymond James reduced their price objective on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday.

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.