Vecima Networks (TSE:VCM) Reaches New 52-Week Low – Should You Sell?

Vecima Networks Inc. (TSE:VCM) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$11.00 and last traded at C$11.20, with a volume of 7809 shares. The stock had previously closed at C$11.01.

Analysts Set New Price Targets

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

Vecima Networks Stock Up 1.7 %

The company has a market cap of C$268.79 million, a P/E ratio of 13.58 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The business’s 50 day moving average price is C$14.54 and its 200-day moving average price is C$18.01.

Vecima Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be given a $0.055 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 1.96%. Vecima Networks’s payout ratio is 26.68%.

Insiders Place Their Bets

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. Over the last quarter, insiders have acquired 4,500 shares of company stock valued at $59,716. 57.14% of the stock is currently owned by corporate 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.