Vecima Networks (TSE:VCM) Reaches New 52-Week Low – Here’s Why

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$15.10 and last traded at C$14.83, with a volume of 640 shares changing hands. The stock had previously closed at C$14.81.

Wall Street Analyst Weigh In

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

Vecima Networks Trading Down 0.3 %

The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. The firm has a market cap of C$358.82 million, a PE ratio of 18.45 and a beta of 0.63. The business has a fifty day moving average price of C$16.59 and a 200 day moving average price of C$19.35.

Vecima Networks Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a dividend of $0.055 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.49%. Vecima Networks’s dividend payout ratio is presently 27.50%.

Insider Activity

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’s stock in a transaction that occurred 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 quarter, insiders purchased 1,500 shares of company stock worth $25,390. Corporate 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.