Vecima Networks Inc. (TSE:VCM) Director Surinder Ghai Kumar Sells 1,100 Shares

Vecima Networks Inc. (TSE:VCM) Director Surinder Ghai Kumar sold 1,100 shares of Vecima Networks stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$10.00, for a total transaction of C$11,000.00.

Surinder Ghai Kumar also recently made the following trade(s):

• On Wednesday, February 26th, Surinder Ghai Kumar sold 400 shares of Vecima Networks stock. The stock was sold at an average price of C$10.98, for a total transaction of C$4,392.00.

Vecima Networks Price Performance

VCM opened at C$10.21 on Friday. The firm has a market cap of C$245.03 million, a P/E ratio of 12.38 and a beta of 0.63. The firm has a 50-day moving average of C$9.89 and a 200 day moving average of C$12.91. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. Vecima Networks Inc. has a fifty-two week low of C$8.43 and a fifty-two week high of C$22.34.

Vecima Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 2.15%. Vecima Networks’s payout ratio is currently 26.68%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VCM. Cormark raised Vecima Networks from a “hold” rating to a “moderate buy” rating in a research report on Tuesday. Raymond James cut their price objective on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.