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

Shares of Vecima Networks Inc. (TSE:VCM) 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.

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

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.