Vecima Networks (TSE:VCM) Reaches New 52-Week High – Still a Buy?

Vecima Networks Inc. (TSE:VCM) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$14.00 and last traded at C$13.89, with a volume of 2784 shares changing hands. The stock had previously closed at C$13.49.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital boosted their price target on Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Trading Down 0.5%

The business has a 50-day moving average price of C$13.23 and a two-hundred day moving average price of C$11.47. The stock has a market capitalization of C$340.17 million, a P/E ratio of -25.91 and a beta of 0.73. The company has a current ratio of 1.54, a quick ratio of 0.83 and a debt-to-equity ratio of 29.54.

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

Vecima Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, May 29th. Vecima Networks’s dividend payout ratio is -40.74%.

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.