Vecima Networks (TSE:VCM) Reaches New 12-Month High – Still a Buy?

Vecima Networks Inc. (TSE:VCM) shares reached a new 52-week high on Wednesday . The company traded as high as C$13.40 and last traded at C$13.39, with a volume of 800 shares changing hands. The stock had previously closed at C$13.38.

Analysts Set New Price Targets

Separately, Acumen Capital raised their price target 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Stock Performance

The firm has a market cap of C$325.33 million, a P/E ratio of -24.78 and a beta of 0.73. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54. The firm’s 50-day simple moving average is C$13.08 and its 200 day simple moving average is C$11.29.

Vecima Networks (TSE:VCM) last announced its quarterly earnings data 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 business had revenue of C$64.83 million for the quarter. As a group, analysts expect that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

About Vecima Networks

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.