Vecima Networks Inc. (VCM) to Issue Quarterly Dividend of $0.06 on March 24th

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Friday, February 28th, RTT News reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 28th.

Vecima Networks Price Performance

Shares of VCM opened at C$10.95 on Wednesday. The firm’s 50-day simple moving average is C$13.89 and its two-hundred day simple moving average is C$17.58. Vecima Networks has a fifty-two week low of C$10.55 and a fifty-two week high of C$23.01. The stock has a market cap of C$262.79 million, a PE ratio of 13.28 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73.

Insider Activity

In other news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks stock in a transaction dated 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 purchased a total of 5,500 shares of company stock worth $68,353 over the last quarter. Insiders own 57.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Raymond James dropped their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Accountability Research cut their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Finally, Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price objective for the stock from C$23.00 to C$14.00 in a report on Monday, February 10th.

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.