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

Vecima Networks Inc. (TSE:VCM – Get 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

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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.