Vecima Networks (TSE:VCM) Shares Cross Above 200 Day Moving Average – What’s Next?

Vecima Networks Inc. (TSE:VCM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.12 and traded as high as C$10.15. Vecima Networks shares last traded at C$10.15, with a volume of 297 shares changing hands.

Vecima Networks Price Performance

The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The company has a fifty day moving average price of C$9.98 and a two-hundred day moving average price of C$10.11. The firm has a market cap of C$246.80 million, a P/E ratio of -12.53 and a beta of 0.42.

Vecima Networks (TSE:VCM) last announced its earnings results on Thursday, November 13th. The company reported C$0.05 EPS for the quarter. The firm had revenue of C$71.07 million for the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. Equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current 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.