Vecima Networks (TSE:VCM) had its price target trimmed by Pi Financial from C$9.50 to C$8.60 in a report issued on Friday.

TSE VCM traded up C$0.07 during trading hours on Friday, hitting C$8.47. 4,500 shares of the company were exchanged, compared to its average volume of 5,752. The company has a debt-to-equity ratio of 1.18, a quick ratio of 4.47 and a current ratio of 5.43. Vecima Networks has a 52-week low of C$8.19 and a 52-week high of C$10.12.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, November 8th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$21.30 million during the quarter. Sell-side analysts expect that Vecima Networks will post 0.44 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 17th will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, November 20th. This represents a $0.22 annualized dividend and a yield of 2.60%. Vecima Networks’s dividend payout ratio (DPR) is 45.64%.

About Vecima Networks

Vecima Networks Inc provides technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. The company designs, manufactures, and sells products that enable broadband access to cable, wireless, and telephony networks. Its solutions allow service providers to bridge the final network segment that connects a system directly to end-users, commonly referred to as the ‘the last mile', by overcoming the bottleneck resulting from insufficient carrying capacity in last-mile infrastructures.

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