Vecima Networks Inc. (TSE:VCM – Get Free Report) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 dividend on an annualized basis and a yield of 2.00%.
Vecima Networks Price Performance
Vecima Networks stock opened at C$11.00 on Friday. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a market cap of C$263.99 million, a P/E ratio of 13.34 and a beta of 0.63. The business’s fifty day moving average is C$14.89 and its two-hundred day moving average is C$18.28. Vecima Networks has a 52 week low of C$11.00 and a 52 week high of C$23.01.
Analysts Set New Price Targets
A number of research firms have commented on VCM. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$23.00 to C$14.00 in a research note on Monday. Accountability Research dropped their target price on Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.
Insider Transactions at Vecima Networks
In related news, Senior Officer Clay Mccreery sold 1,600 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Insiders bought a total of 1,500 shares of company stock worth $25,390 over the last 90 days. 57.14% of the stock is owned by 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.
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