Vecima Networks (TSE:VCM) Reaches New 12-Month High – Here’s Why

Vecima Networks Inc. (TSE:VCM)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$14.00 and last traded at C$13.89, with a volume of 2784 shares traded. The stock had previously closed at C$13.49.

Analyst Upgrades and Downgrades

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

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 29.54, a current ratio of 1.54 and a quick ratio of 0.83. The firm has a fifty day moving average of C$13.16 and a two-hundred day moving average of C$11.39. The stock has a market capitalization of C$340.17 million, a P/E ratio of -25.91 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 earnings per share for the quarter. The firm had revenue of C$64.83 million during the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%. On average, analysts predict that Vecima Networks Inc. will post 1.1799065 EPS for the current year.

Vecima Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 22nd will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th. Vecima Networks’s payout ratio is presently -40.74%.

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.