Vecima Networks (TSE:VCM) Reaches New 12-Month Low – Time to Sell?

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as C$10.55 and last traded at C$11.00, with a volume of 670 shares changing hands. The stock had previously closed at C$11.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on VCM shares. Raymond James dropped their price objective on shares of Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Cormark downgraded shares of Vecima Networks from a “buy” rating to a “market perform” rating and dropped their target price for the company from C$23.00 to C$14.00 in a research report on Monday, February 10th.

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The stock’s 50-day moving average is C$12.51 and its 200 day moving average is C$16.54. The stock has a market capitalization of C$256.79 million, a PE ratio of 12.97 and a beta of 0.63.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 24th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio (DPR) is 26.68%.

Vecima Networks Company Profile

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.