Vecima Networks (TSE:VCM) Shares Cross Below 200-Day Moving Average - Here's Why

Vecima Networks Inc. (TSE:VCM - Get Free Report)'s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.00 and traded as low as C$10.74. Vecima Networks shares last traded at C$11.00, with a volume of 2,620 shares.

Analysts Set New Price Targets

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

Vecima Networks Stock Performance

The stock has a market cap of C$266.15 million, a PE ratio of 13.45 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The stock has a 50-day moving average of C$9.99 and a 200 day moving average of C$10.94.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 30th were paid a dividend of $0.055 per share. The ex-dividend date was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 1.98%. 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.