Vecima Networks (TSE:VCM) Cut to Market Perform at Cormark

Cormark lowered shares of Vecima Networks (TSE:VCM) from a buy rating to a market perform rating in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has C$14.00 price target on the stock, down from their prior price target of C$23.00. Cormark also issued estimates for Vecima Networks’ FY2025 earnings at $0.10 EPS and FY2026 earnings at $1.06 EPS.

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 Price Performance

Shares of TSE VCM opened at C$11.38 on Monday. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The company has a 50 day simple moving average of C$15.01 and a two-hundred day simple moving average of C$18.33. Vecima Networks has a fifty-two week low of C$11.25 and a fifty-two week high of C$23.01. The company has a market capitalization of C$276.65 million, a price-to-earnings ratio of 14.23 and a beta of 0.63.

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 given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.93%. Vecima Networks’s dividend payout ratio (DPR) is 27.50%.

Insider Activity

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the 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. Insiders acquired a total of 1,500 shares of company stock valued at $25,390 in the last 90 days. 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.