Vecima Networks (TSE:VCM) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Vecima's shares crossed above their 200-day moving average of C$11.10, trading as high as C$13.25 and last at C$13.05 on volume of 131,700 shares, a technical signal some investors view as bullish.
• Analysts are optimistic: Acumen Capital raised its target to C$16 and the consensus rating is Buy with a consensus target price of C$16.50.
• Fundamentals are mixed — market cap C$317.3M with quarterly revenue of C$73.7M and EPS C$0.04, but the company posts a negative net margin (-4.22%), negative ROE (-5.37%) and a negative PE ratio (-27.19).

Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.10 and traded as high as C$13.25. Vecima Networks shares last traded at C$13.05, with a volume of 131,700 shares trading hands.

Analysts Set New Price Targets

Separately, Acumen Capital lifted their price target on shares of 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$16.50.

Vecima Networks Stock Performance

The company has a market capitalization of C$317.31 million, a PE ratio of -27.19 and a beta of 0.73. The business's 50-day moving average is C$12.90 and its 200-day moving average is C$11.10. 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 issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. Vecima Networks had a negative net margin of 4.22% and a negative return on equity of 5.37%. The company had revenue of C$73.72 million during the quarter. On average, research analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current 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.

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