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

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$14.49 and last traded at C$13.99, with a volume of 408 shares changing hands. The stock had previously closed at C$13.99.

Analyst Upgrades and Downgrades

Separately, Acumen Capital upped their price target on shares of Vecima Networks from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Stock Performance

The business’s 50 day moving average price is C$13.27 and its two-hundred day moving average price is C$11.53. The company has a market capitalization of C$340.17 million, a price-to-earnings ratio of -25.91 and a beta of 0.73. The company has a debt-to-equity ratio of 29.54, a quick ratio of 0.83 and a current ratio of 1.54.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share 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%. Equities analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 22nd will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.22 annualized dividend and a yield of 1.6%. Vecima Networks’s dividend payout ratio is currently -40.74%.

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.