Vecima Networks (TSE:VCM) Sets New 12-Month High – Time to Buy?

Vecima Networks Inc. (TSE:VCM) shares reached a new 52-week high on Tuesday . The stock traded as high as C$14.49 and last traded at C$13.99, with a volume of 408 shares trading hands. The stock had previously closed at C$13.99.

Analyst Upgrades and Downgrades

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

Vecima Networks Stock Down 0.6%

The company has a debt-to-equity ratio of 29.54, a quick ratio of 0.83 and a current ratio of 1.54. The stock has a market cap of C$337.25 million, a price-to-earnings ratio of -25.69 and a beta of 0.45. The firm’s 50-day simple moving average is C$13.30 and its two-hundred day simple moving average is C$11.59.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. Vecima Networks had a negative net margin of 4.72% and a negative return on equity of 6.16%. The company had revenue of C$64.83 million during the quarter. On average, sell-side analysts expect that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd will be given a dividend of $0.055 per share. The ex-dividend date is Friday, May 29th. This represents a $0.22 annualized dividend and a dividend yield of 1.6%. Vecima Networks’s payout ratio is currently -40.74%.

Vecima Networks Company Profile

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.