Accountability Research Issues Pessimistic Forecast for Vecima Networks (TSE:VCM) Stock Price

Vecima Networks (TSE:VCM) had its price objective dropped by equities research analysts at Accountability Research from C$27.00 to C$24.00 in a research note issued to investors on Friday,BayStreet.CA reports. Accountability Research’s target price suggests a potential upside of 37.14% from the stock’s current price.

Vecima Networks Price Performance

TSE VCM opened at C$17.50 on Friday. Vecima Networks has a 12 month low of C$14.50 and a 12 month high of C$23.01. The firm has a market capitalization of C$425.43 million, a PE ratio of 21.88 and a beta of 0.63. The company’s 50 day simple moving average is C$20.26 and its 200 day simple moving average is C$20.69. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.47 by C($0.13). The firm had revenue of C$87.48 million for the quarter, compared to analyst estimates of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. As a group, equities research analysts forecast that Vecima Networks will post 1.1799065 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total transaction of C$41,160.00. 57.14% of the stock is currently owned by insiders.

About Vecima Networks

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.