Vecima Networks (TSE:VCM) Hits New 1-Year Low – Time to Sell?

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week low during trading on Wednesday . The stock 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.

Analyst Ratings Changes

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

Vecima Networks Stock Performance

The firm’s fifty day moving average is C$16.59 and its 200-day moving average is C$19.35. 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 stock has a market capitalization of C$358.82 million, a PE ratio of 18.45 and a beta of 0.63.

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 issued a $0.055 dividend. 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 currently 27.50%.

Insider Buying and Selling

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’s stock in a transaction dated 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 valued at $25,390. Company insiders own 57.14% of the company’s stock.

About Vecima Networks

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.