Vecima Networks Inc. (TSE:VCM - Get Free Report) Senior Officer Clay Mccreery sold 1,600 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00.
Vecima Networks Stock Performance
Shares of VCM stock opened at C$17.45 on Friday. The stock has a market cap of C$424.21 million, a PE ratio of 21.81 and a beta of 0.63. The stock has a 50-day moving average of C$19.07 and a 200-day moving average of C$20.43. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83. Vecima Networks Inc. has a one year low of C$14.50 and a one year high of C$23.01.
Vecima Networks (TSE:VCM - Get Free Report) last issued its earnings results on Thursday, September 19th. The company reported C$0.34 EPS for the quarter, missing the consensus estimate of C$0.47 by C($0.13). Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. The firm had revenue of C$87.48 million during the quarter, compared to the consensus estimate of C$92.93 million. As a group, sell-side analysts expect that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.
Vecima Networks Announces Dividend
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The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.22 annualized dividend and a yield of 1.26%. Vecima Networks's dividend payout ratio is presently 27.50%.
Analysts Set New Price Targets
Separately, Accountability Research dropped their price objective on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.
Read Our Latest Report on VCM
About Vecima Networks
(
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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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