Vecima Networks (TSE:VCM) Stock Passes Above 200 Day Moving Average – Here’s Why

Vecima Networks Inc. (TSE:VCM)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.77 and traded as high as C$13.28. Vecima Networks shares last traded at C$13.15, with a volume of 6,817 shares traded.

Vecima Networks Price Performance

The stock has a market capitalization of C$319.74 million, a P/E ratio of -24.35 and a beta of 0.45. The business has a fifty day simple moving average of C$13.32 and a 200-day simple moving average of C$11.77. The company has a debt-to-equity ratio of 29.54, a quick ratio of 0.83 and a current ratio of 1.54.

Vecima Networks (TSE:VCM) last issued its earnings results on Thursday, May 14th. The company reported C$0.06 earnings per share for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%.The company had revenue of C$64.83 million for the quarter. Sell-side analysts expect that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Vecima Networks’s dividend payout ratio is presently -40.74%.

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.