Vecima Networks (TSE:VCM) Price Target Lowered to C$20.00 at Raymond James

Vecima Networks (TSE:VCM) had its price target lowered by equities researchers at Raymond James from C$27.00 to C$20.00 in a report released on Friday,BayStreet.CA reports. Raymond James’ price objective points to a potential upside of 81.65% from the company’s current price.

VCM has been the topic of a number of other reports. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and decreased their target price for the stock from C$23.00 to C$14.00 in a research note on Monday. Accountability Research decreased their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.

Vecima Networks Price Performance

VCM traded up C$0.01 during trading on Friday, reaching C$11.01. The company’s stock had a trading volume of 300 shares, compared to its average volume of 6,369. 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 fifty day simple moving average of C$14.76 and a two-hundred day simple moving average of C$18.21. Vecima Networks has a 1 year low of C$11.00 and a 1 year high of C$23.01. The company has a market cap of C$264.23 million, a price-to-earnings ratio of 13.35 and a beta of 0.63.

Insider Activity at Vecima Networks

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. In the last quarter, insiders purchased 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company’s stock.

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.