Vecima Networks (TSE:VCM) Share Price Passes Above 200-Day Moving Average – What’s Next?

Vecima Networks Inc. (TSE:VCM)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$12.52 and traded as high as C$13.00. Vecima Networks shares last traded at C$13.00, with a volume of 752 shares changing hands.

Vecima Networks Stock Down 1.5%

The business has a 50-day moving average price of C$13.05 and a 200-day moving average price of C$12.56. The firm has a market capitalization of C$312.93 million, a PE ratio of -23.83 and a beta of 0.52. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54.

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

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Monday, June 22nd were given a $0.055 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.22 dividend on an annualized basis and a yield of 1.7%. Vecima Networks’s payout ratio is currently -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.