Vecima Networks Inc. Declares Quarterly Dividend of $0.06 (TSE:VCM)

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date is Friday, February 28th.

Vecima Networks Stock Up 3.8 %

Shares of TSE VCM opened at C$10.95 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. Vecima Networks has a 12-month low of C$10.55 and a 12-month high of C$23.01. The firm’s 50-day moving average price is C$13.89 and its 200-day moving average price is C$17.58. The stock has a market capitalization of C$262.79 million, a price-to-earnings ratio of 13.28 and a beta of 0.63.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Accountability Research decreased their price objective on Vecima Networks from C$27.00 to C$24.00 in a research report 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 report on Monday, February 10th. Finally, Raymond James lowered their price target on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

Insider Buying and Selling

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. Insiders have bought 5,500 shares of company stock valued at $68,353 in the last ninety days. 57.14% of the stock is owned by company insiders.

About Vecima Networks

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.