684739 B.C. Ltd. Purchases 1,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. acquired 1,000 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was purchased at an average price of C$10.09 per share, for a total transaction of C$10,092.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Tuesday, May 27th, 684739 B.C. Ltd. acquired 1,000 shares of Vecima Networks stock. The stock was purchased at an average price of C$10.00 per share, for a total transaction of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The shares were bought at an average price of C$10.50 per share, for a total transaction of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The shares were bought at an average price of C$10.89 per share, for a total transaction of C$5,445.00.

Vecima Networks Stock Performance

Shares of TSE:VCM opened at C$10.18 on Wednesday. The company has a market cap of C$244.31 million, a P/E ratio of 12.34 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 Inc. has a one year low of C$8.43 and a one year high of C$22.34. The business’s 50-day simple moving average is C$9.84 and its 200 day simple moving average is C$12.22.

Vecima Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 2.16%. Vecima Networks’s dividend payout ratio is presently 26.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VCM shares. Raymond James dropped their target price on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark upgraded Vecima Networks from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 20th.

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.