Insider Selling: Vecima Networks (TSE:VCM) Insider Sells C$18,900.00 in Stock

Vecima Networks Inc. (TSE:VCM) insider Colin Howlett sold 1,400 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$13.50, for a total transaction of C$18,900.00. Following the transaction, the insider owned 21,958 shares in the company, valued at approximately C$296,433. The trade was a 5.99% decrease in their ownership of the stock.

Vecima Networks Trading Up 0.4%

Shares of VCM stock traded up C$0.06 on Tuesday, reaching C$13.45. 18,801 shares of the stock were exchanged, compared to its average volume of 4,871. The stock has a market cap of C$327.04 million, a P/E ratio of 103.46 and a beta of 0.40. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 22.55. The firm has a 50 day moving average of C$12.58 and a two-hundred day moving average of C$12.95. Vecima Networks Inc. has a 1-year low of C$9.31 and a 1-year high of C$14.49.

Vecima Networks (TSE:VCM) last issued its earnings results on Thursday, September 24th. The company reported C$0.21 earnings per share for the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. The business had revenue of C$85.33 million for the quarter. On average, research analysts anticipate that Vecima Networks Inc. will post 1.18 EPS for the current year.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 9th will be paid a dividend of $0.0550 per share. The ex-dividend date is Friday, October 16th. This represents a $0.22 annualized dividend and a yield of 1.6%. Vecima Networks’s dividend payout ratio is currently 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.