Scott Blair Edmonds Buys 2,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of C$11.50 per share, for a total transaction of C$23,000.00.

Vecima Networks Price Performance

TSE:VCM opened at C$11.20 on Friday. Vecima Networks Inc. has a 52 week low of C$10.75 and a 52 week high of C$23.01. 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’s 50-day simple moving average is C$14.19 and its 200 day simple moving average is C$17.84. The firm has a market cap of C$268.79 million, a price-to-earnings ratio of 13.58 and a beta of 0.63.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 1.96%. Vecima Networks’s dividend payout ratio is presently 26.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Raymond James reduced their price objective on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark cut Vecima Networks from a “buy” rating to a “market perform” rating and dropped their price target for the stock from C$23.00 to C$14.00 in a report on Monday, February 10th. Finally, Accountability Research decreased their price objective on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

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.