Vecima Networks (TSE:VCM) Reaches New 52-Week High – What’s Next?

Vecima Networks Inc. (TSE:VCM) reached a new 52-week high on Monday . The stock traded as high as C$13.77 and last traded at C$13.45, with a volume of 208 shares traded. The stock had previously closed at C$13.80.

Wall Street Analysts Forecast Growth

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 report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Trading Down 3.3%

The company has a debt-to-equity ratio of 29.54, a quick ratio of 0.83 and a current ratio of 1.54. The stock’s 50-day simple moving average is C$13.33 and its 200-day simple moving average is C$11.64. The firm has a market capitalization of C$322.17 million, a PE ratio of -24.54 and a beta of 0.45.

Vecima Networks (TSE:VCM) last released its earnings results 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 return on equity of 6.16% and a negative net margin of 4.72%. As a group, sell-side analysts expect that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

Vecima Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 29th. Vecima Networks’s dividend payout ratio (DPR) is presently -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.