Vecima Networks Inc. (TSE:VCM – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$12.35 and last traded at C$12.50, with a volume of 1204 shares. The stock had previously closed at C$12.35.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on VCM shares. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their price objective for the company from C$23.00 to C$14.00 in a research report on Monday. Accountability Research lowered their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.
View Our Latest Stock Report on Vecima Networks
Vecima Networks Price Performance
Vecima Networks Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.93%. Vecima Networks’s dividend payout ratio is currently 27.50%.
Insider Buying and Selling at Vecima Networks
In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. Insiders have purchased 1,500 shares of company stock valued at $25,390 over the last three months. 57.14% of the stock is owned by company 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.
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