Vecima Networks (TSE:VCM) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Vecima Networks Inc. (TSE:VCM) shares crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$9.98 and traded as high as C$10.49. Vecima Networks shares last traded at C$10.29, with a volume of 701 shares trading hands.

Analysts Set New Price Targets

Separately, B. Riley upped their price target on Vecima Networks from C$15.00 to C$17.00 in a report on Friday, September 26th.

Vecima Networks Trading Down 1.1%

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 company has a market cap of C$250.20 million, a P/E ratio of -12.70 and a beta of 0.50. The stock’s 50-day moving average is C$9.98 and its two-hundred day moving average is C$10.10.

Vecima Networks (TSE:VCM) last announced its earnings results on Thursday, November 13th. The company reported C$0.05 earnings per share for the quarter. The business had revenue of C$71.07 million during the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. As a group, equities research analysts predict that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 3rd. Shareholders of record on Monday, November 3rd were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.22 dividend on an annualized basis and a yield of 2.1%. Vecima Networks’s dividend payout ratio is currently -20.37%.

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.