Vecima Networks Inc. (TSE:VCM – Get Free Report)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.57 and traded as low as C$10.20. Vecima Networks shares last traded at C$10.20, with a volume of 2,400 shares changing hands.
Wall Street Analysts Forecast Growth
VCM has been the subject of a number of analyst reports. Raymond James reduced their price objective on shares of Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Cormark cut shares of Vecima Networks from a “buy” rating to a “market perform” rating and cut their price target for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th.
Read Our Latest Stock Report on Vecima Networks
Vecima Networks Trading Down 0.3 %
Vecima Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 24th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, February 28th. Vecima Networks’s dividend payout ratio (DPR) is currently 26.68%.
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.
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