Insider Selling: Vecima Networks (TSE:VCM) Insider Sells C$18,900.00 in Stock

Vecima Networks Inc. (TSE:VCM) insider Colin Howlett sold 1,400 shares of the company’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of C$13.50, for a total value of C$18,900.00. Following the sale, the insider owned 21,958 shares of the company’s stock, valued at C$296,433. This trade represents a 5.99% decrease in their ownership of the stock.

Vecima Networks Price Performance

Shares of VCM stock opened at C$13.56 on Friday. Vecima Networks Inc. has a 1-year low of C$9.31 and a 1-year high of C$14.49. The stock’s 50-day moving average is C$12.60 and its 200 day moving average is C$12.95. The company has a market cap of C$329.71 million, a P/E ratio of 104.31 and a beta of 0.40. The company has a debt-to-equity ratio of 22.55, a current ratio of 1.71 and a quick ratio of 0.83.

Vecima Networks (TSE:VCM) last posted its earnings results on Thursday, September 24th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$85.33 million for the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. Research analysts predict that Vecima Networks Inc. will post 1.18 earnings per share for the current fiscal year.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 9th will be issued a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, October 16th. Vecima Networks’s dividend payout ratio (DPR) is currently 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.