Vecima Networks (TSE:VCM) Insider Colin Howlett Sells 1,400 Shares of Company Stock

Vecima Networks Inc. (TSE:VCM) insider Colin Howlett sold 1,400 shares of the company’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of C$13.50, for a total value of C$18,900.00. Following the sale, the insider owned 21,958 shares in the company, valued at C$296,433. The trade was a 5.99% decrease in their position.

Vecima Networks Trading Up 0.4%

TSE:VCM opened at C$13.45 on Wednesday. The company has a market cap of C$327.04 million, a PE ratio of 103.46 and a beta of 0.40. The business’s 50 day moving average is C$12.58 and its two-hundred day moving average is C$12.95. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 22.55. Vecima Networks Inc. has a 52 week low of C$9.31 and a 52 week high of C$14.49.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, September 24th. The company reported C$0.21 earnings per share for the quarter. The business had revenue of C$85.33 million during the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. On average, analysts predict that Vecima Networks Inc. will post 1.18 EPS for the current year.

Vecima Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 9th will be issued a $0.0550 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Friday, October 16th. Vecima Networks’s payout ratio is currently 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.