Shares of Vecima Networks Inc. (TSE:VCM - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.20 and traded as low as C$9.79. Vecima Networks shares last traded at C$10.34, with a volume of 2,363 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Cormark raised shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th.
Get Our Latest Stock Analysis on Vecima Networks
Vecima Networks Stock Performance
The company has a market capitalization of C$248.15 million, a price-to-earnings ratio of 12.54 and a beta of 0.63. 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 simple moving average is C$9.95 and its two-hundred day simple moving average is C$11.20.
Vecima Networks Announces Dividend
The business 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 2.13%. The ex-dividend date of this dividend was Friday, May 30th. Vecima Networks's dividend payout ratio is currently 26.68%.
Vecima Networks Company Profile
(
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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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