Vecima Networks (TSE:VCM) Share Price Passes Above Two Hundred Day Moving Average of $17.79

Shares of Vecima Networks Inc. (TSE:VCM) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.79 and traded as high as C$19.80. Vecima Networks shares last traded at C$19.75, with a volume of 4,900 shares.

Analyst Upgrades and Downgrades

Separately, Cormark upped their target price on Vecima Networks from C$23.00 to C$27.00 in a report on Thursday, April 4th.

Vecima Networks Stock Performance

The company has a current ratio of 1.58, a quick ratio of 0.83 and a debt-to-equity ratio of 27.09. The stock has a market capitalization of C$480.12 million, a price-to-earnings ratio of 32.38 and a beta of 0.65. The stock’s 50 day moving average is C$20.24 and its 200 day moving average is C$17.79.

Vecima Networks (TSE:VCM) last released its quarterly earnings results on Wednesday, February 14th. The company reported C$0.15 EPS for the quarter, beating the consensus estimate of C$0.04 by C$0.11. Vecima Networks had a net margin of 5.37% and a return on equity of 6.88%. The business had revenue of C$61.95 million for the quarter, compared to analyst estimates of C$61.65 million. On average, analysts predict that Vecima Networks Inc. will post 1.5397816 earnings per share for the current year.

Vecima Networks Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 23rd were issued a $0.055 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.11%. Vecima Networks’s dividend payout ratio (DPR) is 36.07%.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.