Vecima Networks (TSE:VCM) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Vecima Networks Inc. (TSE:VCMGet 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 %

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 company has a 50 day moving average of C$10.01 and a 200 day moving average of C$13.57. The firm has a market cap of C$244.79 million, a price-to-earnings ratio of 12.37 and a beta of 0.63.

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

(Get Free Report)

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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