Vecima Networks (TSE:VCM) Hits New 1-Year Low – Should You Sell?

Vecima Networks Inc. (TSE:VCM) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$10.55 and last traded at C$10.55, with a volume of 3425 shares changing hands. The stock had previously closed at C$10.95.

Analyst Ratings Changes

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

Vecima Networks Stock Performance

The business has a 50-day moving average price of C$12.99 and a 200-day moving average price of C$16.89. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The firm has a market capitalization of C$261.83 million, a price-to-earnings ratio of 13.23 and a beta of 0.63.

Vecima Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 24th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks’s dividend payout ratio is currently 26.68%.

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.