Vecima Networks (TSE:VCM) Sets New 1-Year Low – What’s Next?

Vecima Networks Inc. (TSE:VCMGet Free Report) reached a new 52-week low on Monday . The stock traded as low as C$10.55 and last traded at C$11.00, with a volume of 670 shares. The stock had previously closed at C$11.00.

Analyst Ratings Changes

VCM has been the topic of several recent analyst reports. Raymond James reduced their target price on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and reduced their price objective for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th.

View Our Latest Stock Analysis on Vecima Networks

Vecima Networks Stock Performance

The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The stock has a market cap of C$263.99 million, a P/E ratio of 13.34 and a beta of 0.63. The business’s fifty day simple moving average is C$12.70 and its 200 day simple moving average is C$16.65.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 24th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. Vecima Networks’s payout ratio is 26.68%.

Vecima Networks Company Profile

(Get Free Report)

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.

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