Vecima Networks (TSE:VCM) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Cormark raised Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.

Vecima Networks Trading Down 2.1%

The firm has a fifty day simple moving average of C$9.95 and a two-hundred day simple moving average of C$11.55. The firm has a market capitalization of C$214.79 million, a P/E ratio of 10.85 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.

Vecima Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 30th were issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 2.46%. The ex-dividend date was Friday, May 30th. Vecima Networks's dividend payout ratio (DPR) is 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.