Vecima Networks (TSE:VCM) Reaches New 12-Month High - Time to Buy?

Key Points

• Vecima Networks hit a new 52-week high of C$13.20 on Thursday with light volume (577 shares) and is trading above its 50‑day (C$12.01) and 200‑day (C$10.74) moving averages.
• Acumen Capital upgraded the stock, raising its price target from C$15.00 to C$16.00 and issuing a Buy, and MarketBeat shows a consensus Buy rating with a C$16.50 consensus target price.
• The company has a market cap of C$319.7M but displays negative profitability (P/E -27.4, net margin -4.22%, negative ROE) despite reporting C$0.04 EPS and C$73.7M revenue for the quarter; its current ratio is 1.54 and debt/equity is 34.6.

Vecima Networks Inc. (TSE:VCM - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as C$13.20 and last traded at C$13.20, with a volume of 577 shares changing hands. The stock had previously closed at C$13.18.

Analyst Upgrades and Downgrades

Separately, Acumen Capital upped their price target on Vecima Networks from C$15.00 to C$16.00 and gave the company a "buy" rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$16.50.

Vecima Networks Price Performance

The stock has a market cap of C$319.74 million, a P/E ratio of -27.40 and a beta of 0.62. The firm has a 50-day moving average price of C$12.01 and a 200-day moving average price of C$10.74. The company has a debt-to-equity ratio of 34.60, a quick ratio of 0.83 and a current ratio of 1.54.

Vecima Networks (TSE:VCM - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The firm had revenue of C$73.72 million during the quarter. On average, analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Company Profile

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow's bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.