Vecima Networks (TSE:VCM) Sets New 1-Year High – Should You Buy?

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during trading on Wednesday . The company traded as high as C$13.40 and last traded at C$13.40, with a volume of 2800 shares. The stock had previously closed at C$13.34.

Wall Street Analyst Weigh In

Separately, Acumen Capital increased their target price on shares of Vecima Networks from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Stock Down 0.2%

The firm has a 50-day simple moving average of C$13.01 and a 200 day simple moving average of C$11.22. The company has a debt-to-equity ratio of 34.60, a current ratio of 1.54 and a quick ratio of 0.83. The company has a market capitalization of C$324.36 million, a PE ratio of -27.79 and a beta of 0.73.

Vecima Networks (TSE:VCM) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The company had revenue of C$64.83 million for the quarter. On average, research analysts predict that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.