Vecima Networks (TSE:VCM) Reaches New 1-Year Low – What’s Next?

Shares of Vecima Networks Inc. (TSE:VCMGet 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

The company’s 50-day moving average is C$13.18 and its two-hundred day moving average is C$17.00. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The company has a market cap of C$254.87 million, a P/E ratio of 12.88 and a beta of 0.63.

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

(Get Free Report)

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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