Vecima Networks (TSE:VCM) Hits New 52-Week High – Should You Buy?

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$11.54 and last traded at C$11.40, with a volume of 4861 shares trading hands. The stock had previously closed at C$11.15.

Wall Street Analyst Weigh In

Separately, Acumen Capital increased their price objective on shares of Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Price Performance

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 stock’s 50 day moving average price is C$10.05 and its two-hundred day moving average price is C$10.10. The stock has a market cap of C$282.05 million, a price-to-earnings ratio of -14.32 and a beta of 0.42.

Vecima Networks (TSE:VCM) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$73.72 million for the quarter. Vecima Networks had a return on equity of 8.62% and a net margin of 6.35%. Equities research analysts forecast that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.