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

Shares of Vecima Networks Inc. (TSE:VCM) hit a new 52-week low during trading on Monday . The company traded as low as C$10.70 and last traded at C$10.50, with a volume of 3417 shares trading hands. The stock had previously closed at C$10.70.

Analysts Set New Price Targets

A number of research firms have issued reports on VCM. Raymond James cut their target price on Vecima Networks from C$27.00 to C$20.00 in a research note 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 note on Monday, February 10th.

Vecima Networks Stock Down 1.4 %

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 company has a market cap of C$253.19 million, a P/E ratio of 12.79 and a beta of 0.63. The stock has a 50 day moving average price of C$12.22 and a 200 day moving average price of C$16.31.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 24th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Friday, February 28th. Vecima Networks’s payout ratio is 26.68%.

Vecima Networks Company Profile

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.