Vecima Networks (TSE:VCM) Hits New 1-Year Low – Here’s What Happened

Vecima Networks Inc. (TSE:VCM) reached a new 52-week low during trading on Wednesday . The company traded as low as C$15.10 and last traded at C$14.83, with a volume of 640 shares. The stock had previously closed at C$14.81.

Analysts Set New Price Targets

Separately, Accountability Research lowered their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Price Performance

The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. The stock has a 50 day simple moving average of C$16.41 and a 200-day simple moving average of C$19.28. The firm has a market cap of C$350.06 million, a PE ratio of 18.00 and a beta of 0.63.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Activity at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last 90 days, insiders have acquired 1,500 shares of company stock valued at $25,390. 57.14% of the stock is owned by company 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.