Vecima Networks (TSE:VCM) Reaches New 12-Month Low – What’s Next?

Vecima Networks Inc. (TSE:VCM)’s stock price 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 traded. The stock had previously closed at C$14.39.

Analyst Ratings Changes

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

Vecima Networks Stock Up 2.2 %

The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The company has a market cap of C$357.36 million, a PE ratio of 18.38 and a beta of 0.63. The firm has a fifty day simple moving average of C$16.15 and a 200 day simple moving average of C$19.14.

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. This represents a $0.22 annualized dividend and a yield of 1.50%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s dividend payout ratio (DPR) is 27.50%.

Insider Transactions at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the company’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. In the last quarter, insiders bought 1,500 shares of company stock worth $25,390. 57.14% of the stock is currently owned by company insiders.

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.