Shares of Vecima Networks Inc. (TSE:VCM – Get Free Report) traded down 1.2% during trading on Monday. The stock traded as low as C$12.54 and last traded at C$12.86. 676 shares changed hands during trading, a decline of 86% from the average session volume of 4,732 shares. The stock had previously closed at C$13.02.
Vecima Networks Price Performance
The stock has a market capitalization of C$312.69 million, a PE ratio of 98.92 and a beta of 0.26. 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 stock’s 50-day moving average is C$12.82 and its 200 day moving average is C$12.67.
Vecima Networks (TSE:VCM – Get Free Report) last released its earnings results on Thursday, September 24th. The company reported C$0.21 earnings per share (EPS) for the quarter. The company had revenue of C$85.33 million during the quarter. Vecima Networks had a net margin of 1.06% and a return on equity of 1.49%. As a group, equities analysts predict that Vecima Networks Inc. will post 1.18 earnings per share for the current year.
Vecima Networks Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 9th will be paid a $0.0550 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. Vecima Networks’s dividend payout ratio is 169.23%.
Insider Activity
In related news, insider Colin Howlett sold 5,500 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of C$13.50, for a total transaction of C$74,250.00. Following the completion of the sale, the insider directly owned 16,158 shares in the company, valued at approximately C$218,133. This trade represents a 25.39% decrease in their ownership of the stock. Insiders sold 11,800 shares of company stock worth $159,232 in the last ninety days. 57.14% of the stock is currently owned by company insiders.
About Vecima Networks
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.
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