Vecima Networks (TSE:VCM) Reaches New 12-Month High – Still a Buy?

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$13.40 and last traded at C$13.39, with a volume of 800 shares trading hands. The stock had previously closed at C$13.38.

Analyst Upgrades and Downgrades

Separately, Acumen Capital boosted 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 note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Stock Performance

The firm’s 50 day moving average is C$13.08 and its 200 day moving average is C$11.29. The company has a market cap of C$325.33 million, a PE ratio of -24.78 and a beta of 0.73. The company has a debt-to-equity ratio of 29.54, a current ratio of 1.54 and a quick ratio of 0.83.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$64.83 million during the quarter. Vecima Networks had a negative net margin of 4.72% and a negative return on equity of 6.16%. On average, equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

Vecima Networks Company Profile

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.