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

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$10.55 and last traded at C$10.75, with a volume of 8468 shares. The stock had previously closed at C$10.55.

Analysts Set New Price Targets

A number of research firms have weighed in on VCM. Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and lowered their price target for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th. Raymond James decreased their target price on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Finally, Accountability Research cut 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 Trading Up 1.0 %

The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a 50-day moving average of C$13.98 and a 200-day moving average of C$17.63. The firm has a market capitalization of C$255.83 million, a P/E ratio of 12.93 and a beta of 0.63.

Vecima Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio is 26.68%.

Insider Activity at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the business’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. Insiders bought 5,500 shares of company stock worth $68,353 in the last three months. 57.14% of the stock is owned by insiders.

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.