Vecima Networks Inc. (TSE:VCM) Insider 684739 B.C. Ltd. Buys 1,000 Shares

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average price of C$11.33 per share, with a total value of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The stock was purchased at an average price of C$16.72 per share, with a total value of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The stock was purchased at an average price of C$16.89 per share, with a total value of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The stock was purchased at an average price of C$17.17 per share, with a total value of C$8,585.00.

Vecima Networks Price Performance

Vecima Networks stock opened at C$11.01 on Wednesday. The firm has a market capitalization of C$264.23 million, a P/E ratio of 13.35 and a beta of 0.63. Vecima Networks Inc. has a 1 year low of C$11.00 and a 1 year high of C$23.01. The business has a 50-day moving average of C$14.54 and a 200-day moving average of C$18.01. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 2.00%. Vecima Networks’s payout ratio is currently 26.68%.

Analyst Upgrades and Downgrades

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

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.