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

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

Vecima Networks Stock Up 0.9 %

TSE:VCM opened at C$11.20 on Friday. The stock’s fifty day moving average is C$14.19 and its two-hundred day moving average is C$17.84. 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 52 week low of C$10.75 and a 52 week high of C$23.01. The stock has a market capitalization of C$268.79 million, a price-to-earnings ratio of 13.58 and a beta of 0.63.

Vecima Networks Dividend Announcement

The business 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 dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks’s dividend payout ratio is presently 26.68%.

Wall Street Analysts Forecast Growth

VCM has been the subject of a number of analyst reports. Accountability Research decreased their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$23.00 to C$14.00 in a report on Monday, February 10th. Finally, Raymond James lowered their price objective on Vecima Networks from C$27.00 to C$20.00 in a research note 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.