Vecima Networks (TSE:VCM) Reaches New 52-Week High – What’s Next?

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during trading on Monday . The stock traded as high as C$13.77 and last traded at C$13.45, with a volume of 208 shares. The stock had previously closed at C$13.80.

Wall Street Analyst Weigh In

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

Vecima Networks Price Performance

The company has a market capitalization of C$322.17 million, a PE ratio of -24.54 and a beta of 0.45. The firm has a fifty day moving average of C$13.33 and a two-hundred day moving average of C$11.64. 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 earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$64.83 million during the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%. Research analysts anticipate that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

Vecima Networks Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Monday, June 22nd will be issued a $0.055 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.22 annualized dividend and a yield of 1.7%. Vecima Networks’s dividend payout ratio (DPR) is -40.74%.

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.