Vecima Networks Inc. (TSE:VCM) Insider Purchases C$10,110.00 in Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. acquired 1,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was bought at an average cost of C$10.11 per share, with a total value of C$10,110.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Friday, June 13th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The shares were bought at an average cost of C$10.05 per share, with a total value of C$10,050.00.
• On Friday, June 6th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was purchased at an average price of C$10.09 per share, with a total value of C$10,092.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. acquired 1,000 shares of Vecima Networks stock. The shares were purchased at an average price of C$10.00 per share, for a total transaction of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The shares were purchased at an average cost of C$10.50 per share, with a total value of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. purchased 500 shares of Vecima Networks stock. The shares were purchased at an average cost of C$10.89 per share, for a total transaction of C$5,445.00.

Vecima Networks Stock Down 1.4%

Vecima Networks stock opened at C$9.95 on Friday. 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 firm has a market cap of C$238.79 million, a P/E ratio of 12.06 and a beta of 0.63. The business has a fifty day moving average of C$9.91 and a two-hundred day moving average of C$12.11. Vecima Networks Inc. has a twelve month low of C$8.43 and a twelve month high of C$22.34.

Vecima Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, May 30th. Vecima Networks’s payout ratio is currently 26.68%.

Analyst Ratings Changes

Several analysts recently weighed in on VCM shares. Cormark upgraded Vecima Networks from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 20th. Raymond James reduced their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a report 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.