Vecima Networks Inc. (TSE:VCM – Get 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
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
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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