Vecima Networks Inc. (TSE:VCM - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.72 and traded as low as C$9.30. Vecima Networks shares last traded at C$9.30, with a volume of 3,217 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Cormark upgraded Vecima Networks from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, May 20th.
Get Our Latest Research Report on Vecima Networks
Vecima Networks Trading Down 2.1%
The stock has a market cap of C$223.19 million, a P/E ratio of 11.28 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The business's 50 day simple moving average is C$9.98 and its 200 day simple moving average is C$11.72.
Vecima Networks Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date was Friday, May 30th. Vecima Networks's dividend payout ratio (DPR) is 26.68%.
About Vecima Networks
(
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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.
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