Vecima Networks (TSE:VCM) Price Target Lowered to C$24.00 at Accountability Research

Vecima Networks (TSE:VCM) had its price objective cut by Accountability Research from C$27.00 to C$24.00 in a research note published on Friday morning,BayStreet.CA reports.

Vecima Networks Price Performance

Vecima Networks stock opened at C$17.20 on Friday. Vecima Networks has a 1 year low of C$14.50 and a 1 year high of C$23.01. The firm has a 50 day moving average price of C$20.26 and a 200 day moving average price of C$20.70. The company has a market cap of C$418.13 million, a price-to-earnings ratio of 21.50 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64.

Vecima Networks (TSE:VCM) last released its earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.13). Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. The company had revenue of C$87.48 million during the quarter, compared to analysts’ expectations of C$92.93 million. Sell-side analysts predict that Vecima Networks will post 1.1799065 earnings per share for the current year.

Vecima Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be paid a $0.055 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.22 annualized dividend and a dividend yield of 1.28%. Vecima Networks’s dividend payout ratio (DPR) is presently 27.50%.

Insider Activity

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total value of C$41,160.00. Insiders own 57.14% of the company’s stock.

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.