Vecima Networks Inc. (TSE:VCM) Insider 684739 B.C. Ltd. Buys 1,000 Shares

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of C$11.33 per share, for a total transaction of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The shares were acquired at an average price of C$16.72 per share, for a total transaction of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The shares were acquired at an average price of C$16.89 per share, for a total transaction of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The shares were acquired at an average price of C$17.17 per share, for a total transaction of C$8,585.00.

Vecima Networks Stock Down 6.3 %

VCM stock opened at C$11.01 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. The firm has a market capitalization of C$264.23 million, a PE ratio of 13.35 and a beta of 0.63. Vecima Networks Inc. has a 1-year low of C$11.00 and a 1-year high of C$23.01. The business’s 50 day simple moving average is C$14.54 and its 200 day simple moving average is C$18.01.

Vecima Networks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 28th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks’s payout ratio is presently 26.68%.

Analysts Set New Price Targets

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

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.