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

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

Vecima Networks Stock Down 1.7 %

Vecima Networks stock opened at C$17.20 on Friday. The company has a 50-day simple moving average of C$20.26 and a 200-day simple moving average of C$20.70. The firm has a market capitalization of C$418.13 million, a P/E ratio of 21.50 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. Vecima Networks has a one year low of C$14.50 and a one year high of C$23.01.

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

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be given a $0.055 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.22 dividend on an annualized basis and a yield of 1.28%. Vecima Networks’s dividend payout ratio is presently 27.50%.

Insider Activity at Vecima Networks

In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the 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. 57.14% of the stock is currently owned by insiders.

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.