Vecima Networks (TSE:VCM) Share Price Passes Below 200-Day Moving Average of $20.66

Vecima Networks Inc. (TSE:VCMGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$20.66 and traded as low as C$17.31. Vecima Networks shares last traded at C$18.52, with a volume of 30,739 shares traded.

Analyst Ratings Changes

VCM has been the topic of several analyst reports. Raymond James lifted their target price on Vecima Networks from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, February 10th. Cormark dropped their price objective on shares of Vecima Networks from C$28.00 to C$27.00 in a research note on Tuesday, May 16th.

Vecima Networks Trading Down 0.6 %

The business has a 50 day simple moving average of C$21.93 and a two-hundred day simple moving average of C$20.66. The company has a current ratio of 1.98, a quick ratio of 0.83 and a debt-to-equity ratio of 15.36. The company has a market cap of C$450.04 million, a PE ratio of 16.99 and a beta of 0.61.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Monday, June 19th will be issued a $0.055 dividend. The ex-dividend date is Thursday, May 25th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.19%. Vecima Networks’s dividend payout ratio (DPR) is presently 20.18%.

Vecima Networks Company Profile

(Get Rating)

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.

Further Reading

Receive News & Ratings for Vecima Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vecima Networks and related companies with's FREE daily email newsletter.