Vecima Networks (TSE:VCM) Stock Falls 1.2% – Here’s What Happened

Vecima Networks Inc. (TSE:VCM)’s share price was down 1.2% during trading on Monday. The stock traded as low as C$12.54 and last traded at C$12.86. 676 shares traded hands during trading, a decline of 86% from the average daily volume of 4,732 shares. The stock had previously closed at C$13.02.

Vecima Networks Trading Up 2.8%

The company has a current ratio of 1.71, a quick ratio of 0.83 and a debt-to-equity ratio of 22.55. The company has a 50-day simple moving average of C$12.85 and a 200 day simple moving average of C$12.68. The firm has a market cap of C$333.60 million, a PE ratio of 105.54 and a beta of 0.26.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, September 24th. The company reported C$0.21 EPS for the quarter. Vecima Networks had a net margin of 1.06% and a return on equity of 1.49%. The business had revenue of C$85.33 million for the quarter. As a group, sell-side analysts forecast that Vecima Networks Inc. will post 1.18 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 9th. Investors of record on Monday, November 9th were issued a $0.0550 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $0.22 dividend on an annualized basis and a yield of 1.6%. Vecima Networks’s dividend payout ratio is presently 169.23%.

Insider Activity

In related news, insider Colin Howlett sold 5,500 shares of Vecima Networks stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of C$13.50, for a total value of C$74,250.00. Following the sale, the insider owned 16,158 shares of the company’s stock, valued at approximately C$218,133. This trade represents a 25.39% decrease in their position. In the last 90 days, insiders sold 11,800 shares of company stock worth $159,232. Company insiders own 57.14% of the company’s stock.

About Vecima Networks

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.