Vecima Networks Inc. to Issue Quarterly Dividend of $0.06 (TSE:VCM)

Vecima Networks Inc. (TSE:VCM) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 0.055 per share on Monday, March 24th. This represents a $0.22 dividend on an annualized basis and a yield of 1.93%.

Vecima Networks Price Performance

Vecima Networks stock traded down C$0.22 during midday trading on Wednesday, reaching C$11.38. 23,672 shares of the stock were exchanged, compared to its average volume of 5,364. The company’s fifty day moving average is C$15.01 and its 200-day moving average is C$18.33. Vecima Networks has a 52 week low of C$11.25 and a 52 week high of C$23.01. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The firm has a market cap of C$276.65 million, a PE ratio of 14.23 and a beta of 0.63.

Insider Transactions at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. Insiders purchased 1,500 shares of company stock valued at $25,390 over the last quarter. Corporate insiders own 57.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VCM shares. Accountability Research dropped their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Cormark cut shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their price target for the stock from C$23.00 to C$14.00 in a research note on Monday.

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.