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

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

Vecima Networks Stock Down 0.1 %

Shares of TSE VCM opened at C$17.50 on Friday. The business’s fifty day simple moving average is C$20.26 and its 200-day simple moving average is C$20.70. The stock has a market cap of C$425.43 million, a P/E ratio of 21.88 and a beta of 0.63. Vecima Networks has a 12-month low of C$14.50 and a 12-month high of C$23.01. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61.

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

Vecima Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.22 annualized dividend and a yield of 1.26%. Vecima Networks’s dividend payout ratio is currently 27.50%.

Insider Transactions at Vecima Networks

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

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.