Insider Buying: Vecima Networks Inc. (TSE:VCM) Director Buys 2,000 Shares of Stock

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

Vecima Networks Stock Performance

Vecima Networks stock opened at C$11.20 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The stock has a market cap of C$268.79 million, a PE ratio of 13.58 and a beta of 0.63. Vecima Networks Inc. has a 12-month low of C$10.75 and a 12-month high of C$23.01. The business’s 50-day moving average price is C$14.19 and its two-hundred day moving average price is C$17.84.

Vecima Networks Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VCM. Accountability Research dropped their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th. Cormark cut shares of Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$23.00 to C$14.00 in a research note on Monday, February 10th. Finally, Raymond James cut their target price on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

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.