Cormark Reaffirms Buy Rating for Vecima Networks (TSE:VCM)

Vecima Networks (TSE:VCM)‘s stock had its “buy” rating restated by equities researchers at Cormark in a research note issued to investors on Friday, PriceTargets.com reports. They currently have a C$22.00 target price on the stock. Cormark’s price objective indicates a potential upside of 29.41% from the stock’s current price.

Separately, Acumen Capital lifted their price objective on Vecima Networks from C$20.00 to C$21.00 in a research note on Friday, January 7th.

Shares of TSE VCM traded up C$0.20 during midday trading on Friday, hitting C$17.00. The stock had a trading volume of 2,700 shares, compared to its average volume of 4,747. The company’s 50-day simple moving average is C$15.03 and its 200 day simple moving average is C$15.71. The firm has a market cap of C$392.29 million and a P/E ratio of 320.75. Vecima Networks has a fifty-two week low of C$12.99 and a fifty-two week high of C$17.55. The company has a debt-to-equity ratio of 3.05, a current ratio of 2.11 and a quick ratio of 1.35.

Vecima Networks (TSE:VCM) last announced its quarterly earnings data on Friday, November 12th. The company reported C$0.03 EPS for the quarter. The company had revenue of C$32.40 million for the quarter. Equities analysts expect that Vecima Networks will post 0.22 EPS for the current fiscal year.

About Vecima Networks

Vecima Networks Inc provides technology solutions that empower network service providers and content providers to connect people and enterprises to information and entertainment worldwide. It offers products for the cable and broadcast industries, which provides video and broadband access to service providers, content creators, and broadcasters.

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