684739 B.C. Ltd. Purchases 1,000 Shares of Vecima Networks Inc. (TSE:VCM) Stock

Vecima Networks Inc. (TSE:VCM - Get Free Report) insider 684739 B.C. Ltd. bought 1,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were acquired at an average price 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. bought 1,000 shares of Vecima Networks stock. The shares were bought at an average price of C$10.11 per share, with a total value of C$10,110.00.
• On Tuesday, May 27th, 684739 B.C. Ltd. purchased 1,000 shares of Vecima Networks stock. The stock was purchased at an average price of C$10.00 per share, for a total transaction of C$10,000.00.
• On Friday, May 23rd, 684739 B.C. Ltd. acquired 1,000 shares of Vecima Networks stock. The shares were purchased at an average price of C$10.50 per share, with a total value of C$10,500.00.
• On Monday, March 17th, 684739 B.C. Ltd. acquired 500 shares of Vecima Networks stock. The stock was acquired at an average price of C$10.89 per share, for a total transaction of C$5,445.00.

Vecima Networks Stock Performance

Vecima Networks stock traded down C$0.08 during midday trading on Wednesday, hitting C$10.10. The stock had a trading volume of 2,802 shares, compared to its average volume of 4,875. The company has a market capitalization of C$242.39 million, a PE ratio of 12.25 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 firm's fifty day moving average is C$9.84 and its two-hundred day moving average is C$12.22. The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94.

Vecima Networks Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VCM. 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. Cormark raised Vecima Networks from a "hold" rating to a "moderate buy" rating in a report 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.