Vecima Networks (TSE:VCM) Hits New 12-Month High – Still a Buy?

Vecima Networks Inc. (TSE:VCM)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$13.40 and last traded at C$13.37, with a volume of 1513 shares trading hands. The stock had previously closed at C$13.35.

Analysts Set New Price Targets

Separately, Acumen Capital raised their target price on shares of Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Stock Up 0.1%

The firm has a market cap of C$325.33 million, a P/E ratio of -27.88 and a beta of 0.62. The company has a debt-to-equity ratio of 34.60, a quick ratio of 0.83 and a current ratio of 1.54. The firm’s fifty day moving average is C$12.65 and its 200 day moving average is C$10.94.

Vecima Networks (TSE:VCM) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. The firm had revenue of C$73.72 million for the quarter. Vecima Networks had a negative net margin of 4.22% and a negative return on equity of 5.37%. As a group, equities research analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

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.