Vecima Networks (TSE:VCM) Hits New 12-Month Low – Here’s Why

Vecima Networks Inc. (TSE:VCM)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as C$13.05 and last traded at C$13.10, with a volume of 5715 shares changing hands. The stock had previously closed at C$13.26.

Wall Street Analyst Weigh In

Separately, Accountability Research reduced their target price on Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.

Vecima Networks Stock Performance

The stock has a market cap of C$313.60 million, a PE ratio of 16.13 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. The firm has a 50 day moving average price of C$15.63 and a 200 day moving average price of C$18.74.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.71%. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Activity

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last 90 days, insiders have bought 1,500 shares of company stock worth $25,390. Company insiders own 57.14% of the company’s stock.

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.