Vecima Networks (TSE:VCM) Shares Pass Above 200 Day Moving Average of $17.55

Vecima Networks Inc. (TSE:VCM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.55 and traded as high as C$22.22. Vecima Networks shares last traded at C$22.05, with a volume of 1,230 shares traded.

Wall Street Analyst Weigh In

Separately, Cormark boosted their target price on Vecima Networks from C$23.00 to C$27.00 in a research report on Thursday, April 4th.

Vecima Networks Stock Down 2.0 %

The company has a debt-to-equity ratio of 27.09, a current ratio of 1.58 and a quick ratio of 0.83. The stock has a market capitalization of C$536.04 million, a PE ratio of 36.15 and a beta of 0.62. The company has a 50 day moving average price of C$19.43 and a 200-day moving average price of C$17.55.

Vecima Networks (TSE:VCM) last posted its earnings results on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.04 by C$0.11. Vecima Networks had a return on equity of 6.88% and a net margin of 5.37%. The firm had revenue of C$61.95 million for the quarter, compared to analysts’ expectations of C$61.65 million. As a group, analysts forecast that Vecima Networks Inc. will post 1.5397805 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 23rd were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.22 annualized dividend and a yield of 1.00%. Vecima Networks’s payout ratio is 36.07%.

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.