Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds Buys 2,000 Shares

Vecima Networks Inc. (TSE:VCM) Director Scott Blair Edmonds bought 2,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were purchased at an average cost of C$11.50 per share, for a total transaction of C$23,000.00.

Vecima Networks Price Performance

Shares of TSE:VCM opened at C$11.10 on Thursday. The firm has a market cap of C$266.39 million, a price-to-earnings ratio of 13.46 and a beta of 0.63. Vecima Networks Inc. has a 1 year low of C$11.00 and a 1 year high of C$23.01. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The business has a fifty day simple moving average of C$14.31 and a 200 day simple moving average of C$17.91.

Vecima Networks Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Friday, February 28th. Vecima Networks’s dividend payout ratio (DPR) is presently 26.68%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VCM shares. Raymond James dropped their price target on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th. Cormark downgraded 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 report on Monday, February 10th. Finally, Accountability Research lowered their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

About Vecima Networks

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.