Vecima Networks (TSE:VCM) Raised to "Moderate Buy" at Cormark

Vecima Networks (TSE:VCM - Get Free Report) was upgraded by investment analysts at Cormark from a "hold" rating to a "moderate buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Separately, Raymond James reduced their price objective on Vecima Networks from C$27.00 to C$20.00 in a research report on Friday, February 14th.

Vecima Networks Price Performance

VCM stock remained flat at C$10.00 on Tuesday. The company had a trading volume of 3,100 shares, compared to its average volume of 5,016. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The company has a market cap of C$239.99 million, a P/E ratio of 12.13 and a beta of 0.63. The firm's 50 day simple moving average is C$9.92 and its two-hundred day simple moving average is C$13.05. Vecima Networks has a one year low of C$8.43 and a one year high of C$22.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.