Vecima Networks (TSE:VCM) Stock Passes Below 200 Day Moving Average of $17.61

Vecima Networks Inc. (TSE:VCMGet Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.61 and traded as low as C$16.20. Vecima Networks shares last traded at C$16.50, with a volume of 301 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital decreased their price objective on shares of Vecima Networks from C$30.00 to C$28.00 in a report on Friday, September 22nd.

Check Out Our Latest Report on Vecima Networks

Vecima Networks Stock Performance

The stock’s 50 day moving average is C$16.71 and its two-hundred day moving average is C$17.61. The company has a current ratio of 1.66, a quick ratio of 0.83 and a debt-to-equity ratio of 16.15. The stock has a market capitalization of C$400.95 million, a price-to-earnings ratio of 20.37 and a beta of 0.69.

Vecima Networks (TSE:VCMGet Free Report) last issued its earnings results on Thursday, September 21st. The company reported C$0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.11 by C$0.14. The company had revenue of C$75.52 million for the quarter, compared to analysts’ expectations of C$73.41 million. Vecima Networks had a net margin of 6.67% and a return on equity of 9.49%. Analysts expect that Vecima Networks Inc. will post 1.0995962 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 24th will be issued a $0.055 dividend. The ex-dividend date is Thursday, November 23rd. This represents a $0.22 annualized dividend and a yield of 1.33%. Vecima Networks’s dividend payout ratio is currently 27.16%.

About Vecima Networks

(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.

See Also

Receive News & Ratings for Vecima Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vecima Networks and related companies with's FREE daily email newsletter.