Vecima Networks Inc. (TSE:VCM – Get 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.
Vecima Networks Stock Performance
Vecima Networks (TSE:VCM – Get 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
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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