Vecima Networks (TSE:VCM) Sets New 1-Year Low – Here’s Why

Posted by Andrew Walz on Jan 31st, 2025

Vecima Networks Inc. (TSE:VCM – Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as C$13.75 and last traded at C$13.75, with a volume of 1435 shares traded. The stock had previously closed at C$14.16.

Analysts Set New Price Targets

Separately, Accountability Research cut their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.

Check Out Our Latest Research Report on Vecima Networks

Vecima Networks Price Performance

The business has a fifty day moving average of C$15.70 and a 200 day moving average of C$18.82. The firm has a market cap of C$337.91 million, a P/E ratio of 17.38 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61.

Vecima Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.58%. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Activity at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00. In the last quarter, insiders have acquired 1,500 shares of company stock worth $25,390. Company insiders own 57.14% of the company’s stock.

Vecima Networks Company Profile

(Get Free Report)

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.