Vecima Networks (TSE:VCM) Downgraded to Market Perform Rating by Cormark

Vecima Networks (TSE:VCM) was downgraded by research analysts at Cormark from a “buy” rating to a “market perform” rating in a report released on Monday,BayStreet.CA reports. They currently have a C$14.00 price target on the stock, down from their prior price target of C$23.00. Cormark’s price target would indicate a potential upside of 12.00% from the company’s current price.

Separately, Accountability Research dropped their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.

Vecima Networks Stock Up 1.2 %

Shares of TSE VCM traded up C$0.15 on Monday, reaching C$12.50. 1,204 shares of the company’s stock traded hands, compared to its average volume of 2,997. The business’s 50 day simple moving average is C$15.22 and its two-hundred day simple moving average is C$18.45. The company has a market cap of C$303.88 million, a price-to-earnings ratio of 15.63 and a beta of 0.63. Vecima Networks has a 12 month low of C$12.27 and a 12 month high of C$23.01. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61.

Insider Activity at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. Over the last 90 days, insiders bought 1,500 shares of company stock worth $25,390. 57.14% of the stock is owned by insiders.

Vecima Networks Company Profile

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.