Shares of Vecima Networks Inc. (TSE:VCM – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$10.55 and last traded at C$10.55, with a volume of 3425 shares traded. The stock had previously closed at C$10.95.
Wall Street Analyst Weigh In
VCM has been the subject of several recent research reports. Raymond James decreased their price objective on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and dropped their price target for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th. Finally, Accountability Research reduced their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.
Check Out Our Latest Stock Report on Vecima Networks
Vecima Networks Stock Performance
Vecima Networks Dividend Announcement
The company 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 is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.07%. Vecima Networks’s payout ratio is presently 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.
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