Insider Buying: Vecima Networks Inc. (TSE:VCM) Director Purchases C$11,477.00 in Stock

Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average price of C$11.48 per share, with a total value of C$11,477.00.

Vecima Networks Stock Performance

TSE VCM opened at C$10.75 on Friday. The company has a 50-day simple moving average of C$14.08 and a two-hundred day simple moving average of C$17.76. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. Vecima Networks Inc. has a 12-month low of C$10.75 and a 12-month high of C$23.01. The firm has a market cap of C$257.99 million, a price-to-earnings ratio of 13.03 and a beta of 0.63.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be given a dividend of $0.055 per share. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 2.05%. Vecima Networks’s payout ratio is 26.68%.

Analysts Set New Price Targets

Several brokerages recently issued reports on VCM. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their target price for the stock from C$23.00 to C$14.00 in a research report on Monday, February 10th. Raymond James cut their target price on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Finally, Accountability Research cut their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

About Vecima Networks

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.