Vecima Networks (TSE:VCM) Sets New 52-Week High – Here’s What Happened

Vecima Networks Inc. (TSE:VCMGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$14.49 and last traded at C$13.09, with a volume of 3671 shares traded. The stock had previously closed at C$13.04.

Vecima Networks Price Performance

The company has a market cap of C$318.28 million, a PE ratio of -24.24 and a beta of 0.45. 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 stock’s 50-day moving average is C$13.30 and its 200 day moving average is C$11.98.

Vecima Networks (TSE:VCMGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share (EPS) for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.The business had revenue of C$64.83 million for the quarter. On average, equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 22nd were given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Vecima Networks’s dividend payout ratio is currently -40.74%.

About Vecima Networks

(Get Free Report)

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.

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