Accountability Research Lowers Vecima Networks (TSE:VCM) Price Target to C$24.00

Vecima Networks (TSE:VCM) had its price objective dropped by research analysts at Accountability Research from C$27.00 to C$24.00 in a research report issued on Friday,BayStreet.CA reports. Accountability Research’s target price indicates a potential upside of 37.14% from the company’s current price.

Vecima Networks Stock Down 0.1 %

Vecima Networks stock traded down C$0.02 during midday trading on Friday, hitting C$17.50. 2,150 shares of the stock were exchanged, compared to its average volume of 3,244. Vecima Networks has a 52-week low of C$14.50 and a 52-week high of C$23.01. The business’s 50-day moving average price is C$20.32 and its 200-day moving average price is C$20.71. 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 stock has a market capitalization of C$425.43 million, a price-to-earnings ratio of 21.88 and a beta of 0.63.

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 the consensus estimate of C$0.47 by C($0.13). The company had revenue of C$87.48 million for the quarter, compared to the consensus estimate of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. On average, research analysts expect that Vecima Networks will post 1.1799065 EPS for the current fiscal year.

Insider Buying and Selling

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the firm’s stock in a transaction dated 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 currently owned by insiders.

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.