Vecima Networks (TSE:VCM) Hits New 52-Week Low – Here’s What Happened

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as C$13.75 and last traded at C$13.75, with a volume of 1435 shares changing hands. The stock had previously closed at C$14.16.

Analyst Ratings Changes

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

Vecima Networks Stock Performance

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 company has a market cap of C$337.91 million, a P/E ratio of 17.38 and a beta of 0.63. The company has a 50 day moving average price of C$15.70 and a 200-day moving average price of C$18.82.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s dividend payout ratio (DPR) is presently 27.50%.

Insider Buying and Selling

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks 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 value of C$27,840.00. Insiders have acquired a total of 1,500 shares of company stock worth $25,390 in the last ninety days. Company 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.