Vecima Networks (TSE:VCM) Rating Lowered to Market Perform at Cormark

Cormark lowered shares of Vecima Networks (TSE:VCM) from a buy rating to a market perform rating in a research report report published on Monday morning, MarketBeat Ratings reports. Cormark currently has C$14.00 price objective on the stock, down from their previous price objective of C$23.00. Cormark also issued estimates for Vecima Networks’ FY2025 earnings at $0.10 EPS and FY2026 earnings at $1.06 EPS.

Separately, Accountability Research cut their target price on Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

Vecima Networks Trading Down 1.9 %

Shares of TSE VCM opened at C$11.38 on Monday. Vecima Networks has a 1-year low of C$11.25 and a 1-year high of C$23.01. The business has a fifty day moving average price of C$15.01 and a 200 day moving average price of C$18.33. The stock has a market capitalization of C$276.65 million, a P/E ratio of 14.23 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.93%. Vecima Networks’s dividend payout ratio (DPR) is 27.50%.

Insider Buying and Selling

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’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. In the last three months, insiders have bought 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company’s stock.

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.