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

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

Vecima Networks Trading Down 1.9 %

VCM opened at C$11.38 on Thursday. Vecima Networks has a one year low of C$11.25 and a one year high of C$23.01. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. The business has a 50 day simple moving average of C$15.01 and a two-hundred day simple moving average of C$18.33. The firm has a market capitalization of C$276.65 million, a price-to-earnings ratio of 14.23 and a beta of 0.63.

Insider Buying and Selling at Vecima Networks

In other Vecima Networks news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction 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. In the last three months, insiders have acquired 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company’s stock.

Analysts Set New Price Targets

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

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.