Vecima Networks Inc. (TSE:VCM - Get Free Report) shares 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 traded.
Wall Street Analysts Forecast Growth
Separately, Cormark upgraded Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on Vecima Networks
Vecima Networks Stock Up 1.5%
The firm has a market capitalization of C$251.99 million, a price-to-earnings ratio of 12.73 and a beta of 0.63. The stock has a 50 day moving average of C$9.96 and a 200 day moving average of C$11.14. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94.
Vecima Networks Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 30th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 dividend on an annualized basis and a yield of 2.10%. Vecima Networks's dividend payout ratio is currently 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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