Vecima Networks (TSE:VCM) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Vecima Networks Inc. (TSE:VCM) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.10 and traded as high as C$13.25. Vecima Networks shares last traded at C$13.05, with a volume of 131,700 shares.

Analysts Set New Price Targets

Separately, Acumen Capital boosted their target price 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, February 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$16.50.

Vecima Networks Price Performance

The firm’s 50-day moving average is C$12.90 and its 200-day moving average is C$11.10. The company has a debt-to-equity ratio of 34.60, a current ratio of 1.54 and a quick ratio of 0.83. The company has a market capitalization of C$321.93 million, a P/E ratio of -27.58 and a beta of 0.73.

Vecima Networks (TSE:VCM) last announced its earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The company had revenue of C$73.72 million during the quarter. Vecima Networks had a negative net margin of 4.22% and a negative return on equity of 5.37%. Analysts predict that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal 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.