Vecima Networks Inc. (TSE:VCM) Insider Purchases C$10,092.00 in Stock

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. purchased 1,000 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were purchased at an average cost of C$10.09 per share, for a total transaction of C$10,092.00.

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 shares were purchased at an average cost of C$10.11 per share, for a total transaction of C$10,110.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The shares were 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 shares were purchased at an average cost of C$10.50 per share, for a total transaction of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. purchased 500 shares of Vecima Networks stock. The shares were purchased at an average cost of C$10.89 per share, for a total transaction of C$5,445.00.

Vecima Networks Stock Down 0.1%

Shares of VCM traded down C$0.01 during midday trading on Thursday, hitting C$10.09. The company had a trading volume of 3,600 shares, compared to its average volume of 4,864. The company's 50 day moving average price is C$9.86 and its 200 day moving average price is C$12.21. The stock has a market cap of C$242.15 million, a price-to-earnings ratio of 12.23 and a beta of 0.63. 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 quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94.

Vecima Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, May 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, May 30th. Vecima Networks's dividend payout ratio is presently 26.68%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VCM shares. Cormark raised shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th. Raymond James dropped their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

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.