David Whitborne Rowat Buys 1,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat purchased 1,000 shares of Vecima Networks stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of C$11.48 per share, with a total value of C$11,477.00.

Vecima Networks Stock Performance

VCM traded down C$0.11 during trading on Thursday, hitting C$10.99. The company’s stock had a trading volume of 16,031 shares, compared to its average volume of 7,044. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. Vecima Networks Inc. has a one year low of C$10.75 and a one year high of C$23.01. The firm has a market cap of C$263.75 million, a PE ratio of 13.33 and a beta of 0.63. The business’s 50 day simple moving average is C$14.31 and its 200-day simple moving average is C$17.91.

Vecima Networks Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on VCM. Cormark downgraded shares of Vecima Networks from a “buy” rating to a “market perform” rating and lowered their price objective for the company from C$23.00 to C$14.00 in a research note on Monday, February 10th. Raymond James decreased their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Finally, Accountability Research cut their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a 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.