Vecima Networks (TSE:VCM) Given New C$24.00 Price Target at Accountability Research

Vecima Networks (TSE:VCM) had its price objective decreased by Accountability Research from C$27.00 to C$24.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Vecima Networks Price Performance

VCM stock traded down C$0.02 during midday trading on Friday, reaching C$17.50. The stock had a trading volume of 3,400 shares, compared to its average volume of 3,250. Vecima Networks has a 52-week low of C$14.50 and a 52-week high of C$23.01. The company has a market cap of C$425.43 million, a price-to-earnings ratio of 21.88 and a beta of 0.63. The company’s fifty day simple moving average is C$20.26 and its 200 day simple moving average is C$20.69. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61.

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

Vecima Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a yield of 1.26%. Vecima Networks’s payout ratio is 27.50%.

Insider Buying and Selling at Vecima Networks

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$20.58, for a total value of C$41,160.00. 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.