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

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$13.00 and last traded at C$13.20, with a volume of 4601 shares traded. The stock had previously closed at C$12.99.

Wall Street Analyst Weigh In

Separately, Acumen Capital increased their target price 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Price Performance

The firm has a market cap of C$319.74 million, a price-to-earnings ratio of -27.40 and a beta of 0.92. The company has a debt-to-equity ratio of 34.60, a current ratio of 1.54 and a quick ratio of 0.83. The stock has a 50-day moving average price of C$11.28 and a 200 day moving average price of C$10.51.

Vecima Networks (TSE:VCM) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The firm had revenue of C$73.72 million for the quarter. As a group, equities research analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

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.