Vecima Networks (TSE:VCM) Sets New 12-Month Low – Here’s Why

Vecima Networks Inc. (TSE:VCM) shares reached a new 52-week low on Monday . The stock traded as low as C$10.55 and last traded at C$10.55, with a volume of 3425 shares trading hands. The stock had previously closed at C$10.95.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Raymond James reduced their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Accountability Research reduced their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Finally, Cormark cut shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th.

Vecima Networks Price Performance

The stock has a 50 day moving average of C$12.99 and a 200-day moving average of C$16.89. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The stock has a market capitalization of C$261.83 million, a P/E ratio of 13.23 and a beta of 0.63.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 24th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 2.02%. Vecima Networks’s dividend payout ratio is currently 26.68%.

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.