Vecima Networks (TSE:VCM) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Vecima Networks Inc. (TSE:VCM)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$13.24 and traded as high as C$13.35. Vecima Networks shares last traded at C$12.67, with a volume of 3,204 shares trading hands.

Vecima Networks Stock Down 1.4%

The firm has a market capitalization of C$308.07 million, a price-to-earnings ratio of -23.46 and a beta of 0.52. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54. The company’s 50 day moving average price is C$13.24 and its 200 day moving average price is C$12.13.

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

Vecima Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. Vecima Networks’s dividend payout ratio is currently -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.