Scott Blair Edmonds Purchases 2,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds bought 2,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of C$11.50 per share, for a total transaction of C$23,000.00.

Vecima Networks Trading Up 1.7 %

Shares of VCM stock traded up C$0.19 on Wednesday, hitting C$11.20. The company had a trading volume of 12,209 shares, compared to its average volume of 6,753. The stock’s 50-day moving average is C$14.54 and its two-hundred day moving average is C$18.01. Vecima Networks Inc. has a twelve month low of C$11.00 and a twelve month high of C$23.01. The firm has a market cap of C$268.79 million, a P/E ratio of 13.58 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 28th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.22 annualized dividend and a dividend yield of 1.96%. Vecima Networks’s payout ratio is 26.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on VCM. Raymond James dropped their price objective on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and dropped their price objective for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th. Finally, Accountability Research dropped their price objective on 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.