Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds Acquires 2,000 Shares

Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of C$11.50 per share, for a total transaction of C$23,000.00.

Vecima Networks Trading Down 4.0 %

VCM opened at C$10.75 on Friday. The stock has a market cap of C$257.99 million, a PE ratio of 13.03 and a beta of 0.63. 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 twelve month low of C$10.75 and a twelve month high of C$23.01. The company has a fifty day moving average of C$14.19 and a 200-day moving average of C$17.84.

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 $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio (DPR) is presently 26.68%.

Analyst Ratings Changes

Several research analysts recently issued reports on VCM shares. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and lowered their target price for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th. Accountability Research lowered 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 target price on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th.

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.