Vecima Networks (TSE:VCM) Reaches New 1-Year Low – Should You Sell?

Shares of Vecima Networks Inc. (TSE:VCMGet Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$10.55 and last traded at C$11.00, with a volume of 670 shares traded. The stock had previously closed at C$11.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on VCM shares. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their price objective for the stock from C$23.00 to C$14.00 in a report on Monday, February 10th. Raymond James dropped their price objective on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th.

Read Our Latest Stock Report on VCM

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a market cap of C$263.99 million, a PE ratio of 13.34 and a beta of 0.63. The stock has a fifty day moving average price of C$12.70 and a 200-day moving average price of C$16.65.

Vecima Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 24th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio is presently 26.68%.

Vecima Networks Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Vecima Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vecima Networks and related companies with MarketBeat.com's FREE daily email newsletter.