Vecima Networks (TSE:VCM) Reaches New 52-Week Low – Here’s What Happened

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$8.98 and last traded at C$10.20, with a volume of 2939 shares traded. The stock had previously closed at C$9.80.

Analyst Upgrades and Downgrades

VCM has been the subject of a number of analyst reports. Raymond James reduced their price target on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Cormark cut Vecima Networks from a “buy” rating to a “market perform” rating and cut their price objective for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th.

Vecima Networks Stock Performance

The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The firm has a market cap of C$239.51 million, a P/E ratio of 12.10 and a beta of 0.63. The stock’s 50 day moving average is C$11.60 and its two-hundred day moving average is C$15.87.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were given a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.22 dividend on an annualized basis and a yield of 2.20%. Vecima Networks’s dividend payout ratio (DPR) is presently 26.68%.

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.