Vecima Networks (TSE:VCM) Shares Pass Below 200-Day Moving Average - Time to Sell?

Shares of Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$13.57 and traded as low as C$10.20. Vecima Networks shares last traded at C$10.20, with a volume of 2,400 shares.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cormark lowered Vecima Networks from a "buy" rating to a "market perform" rating and lowered their price objective for the company from C$23.00 to C$14.00 in a report on Monday, February 10th. Raymond James lowered their price target on Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th.

Vecima Networks Price Performance

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's fifty day moving average price is C$10.00 and its 200 day moving average price is C$13.42. The firm has a market capitalization of C$250.79 million, a price-to-earnings ratio of 12.67 and a beta of 0.63.

Vecima Networks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.11%. Vecima Networks's payout ratio is currently 26.68%.

About Vecima Networks

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.