Vecima Networks Inc. (TSE:VCM) Insider Purchases C$11,326.00 in Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average price of C$11.33 per share, with a total value of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$16.72 per share, with a total value of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$16.89 per share, with a total value of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was bought at an average price of C$17.17 per share, with a total value of C$8,585.00.

Vecima Networks Stock Performance

Vecima Networks stock opened at C$11.20 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The company has a market capitalization of C$268.79 million, a PE ratio of 13.58 and a beta of 0.63. The firm has a fifty day simple moving average of C$14.19 and a two-hundred day simple moving average of C$17.84. Vecima Networks Inc. has a twelve month low of C$10.75 and a twelve month high of C$23.01.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio is presently 26.68%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Raymond James cut their target price on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Accountability Research cut their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th. Finally, Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their target price for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th.

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.