Vecima Networks Inc. (TSE:VCM - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Analyst Upgrades and Downgrades
Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.
Get Our Latest Stock Analysis on Vecima Networks
Vecima Networks Trading Up 0.8%
The business's 50-day moving average is C$9.96 and its two-hundred day moving average is C$11.11. The firm has a market cap of C$253.91 million, a P/E ratio of 12.83 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Friday, May 30th. Vecima Networks's dividend payout ratio (DPR) is presently 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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