Vecima Networks Inc. (TSE:VCM - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Wall Street Analyst Weigh In
Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.
View Our Latest Analysis on VCM
Vecima Networks Stock Performance
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 has a market capitalization of C$263.99 million, a P/E ratio of 13.34 and a beta of 0.63. The firm has a 50 day moving average price of C$9.99 and a two-hundred day moving average price of C$11.00.
Vecima Networks Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Friday, May 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 30th. Vecima Networks's dividend payout ratio is presently 26.68%.
About Vecima Networks
(
Get Free Report)
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.
Further Reading
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