Vecima Networks Inc. (TSE:VCM – Get Free Report)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$10.09 and traded as low as C$9.72. Vecima Networks shares last traded at C$9.72, with a volume of 2,709 shares.
Analyst Upgrades and Downgrades
Separately, B. Riley upped their price objective on Vecima Networks from C$15.00 to C$17.00 in a research note on Friday, September 26th.
Check Out Our Latest Analysis on VCM
Vecima Networks Price Performance
Vecima Networks (TSE:VCM – Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.05 EPS for the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. The company had revenue of C$71.07 million during the quarter. On average, research analysts expect that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.
Vecima Networks Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 3rd. Investors of record on Monday, November 3rd were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, October 10th. Vecima Networks’s payout ratio is presently -20.37%.
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.
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