Vecima Networks (TSE:VCM) Reaches New 52-Week Low – Should You Sell?

Vecima Networks Inc. (TSE:VCM)’s share price hit a new 52-week low on Monday . The company traded as low as C$10.70 and last traded at C$10.50, with a volume of 3417 shares trading hands. The stock had previously closed at C$10.70.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Raymond James lowered their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price objective for the company from C$23.00 to C$14.00 in a report on Monday, February 10th.

Vecima Networks Trading Down 0.1 %

The firm has a market cap of C$253.19 million, a price-to-earnings ratio of 12.79 and a beta of 0.63. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The firm’s 50-day moving average is C$12.04 and its 200-day moving average is C$16.23.

Vecima Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 24th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.09%. The ex-dividend date was Friday, February 28th. 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.