Vecima Networks Inc. (TSE:VCM) Insider 684739 B.C. Ltd. Buys 1,000 Shares

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock in a transaction dated Friday, June 13th. The stock was bought at an average cost of C$10.05 per share, with a total value of C$10,050.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Tuesday, June 10th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was bought at an average cost of C$10.11 per share, with a total value of C$10,110.00.
• On Friday, June 6th, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The stock was purchased at an average cost of C$10.09 per share, for a total transaction of C$10,092.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. bought 1,000 shares of Vecima Networks stock. The stock was purchased at an average cost of C$10.00 per share, for a total transaction of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was purchased at an average cost of C$10.50 per share, with a total value of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. purchased 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$10.89 per share, with a total value of C$5,445.00.

Vecima Networks Stock Up 2.8%

Shares of TSE VCM traded up C$0.28 during trading hours on Monday, hitting C$10.23. The stock had a trading volume of 700 shares, compared to its average volume of 4,799. The company has a market capitalization of C$245.51 million, a P/E ratio of 12.40 and a beta of 0.63. The firm's 50-day moving average price is C$9.94 and its two-hundred day moving average price is C$12.00. Vecima Networks Inc. has a 52 week low of C$8.43 and a 52 week high of C$22.34. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73.

Vecima Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 30th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 2.15%. Vecima Networks's payout ratio is 26.68%.

Wall Street Analyst Weigh In

Separately, Cormark raised Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th.

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.