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

Vecima Networks Inc. (TSE:VCM)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$11.54 and last traded at C$11.40, with a volume of 4861 shares trading hands. The stock had previously closed at C$11.15.

Analysts Set New Price Targets

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

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The firm has a 50-day moving average of C$10.05 and a 200-day moving average of C$10.10. The stock has a market cap of C$282.05 million, a PE ratio of -14.32 and a beta of 0.42.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. The company had revenue of C$73.72 million for the quarter. Vecima Networks had a return on equity of 8.62% and a net margin of 6.35%. Research analysts predict that Vecima Networks Inc. will post 1.1799065 EPS 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.