Shares of Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$12.00 and traded as low as C$10.14. Vecima Networks shares last traded at C$10.23, with a volume of 700 shares traded.
Analyst Ratings Changes
Separately, Cormark raised Vecima Networks from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, May 20th.
Check Out Our Latest Stock Report on Vecima Networks
Vecima Networks Stock Up 1.0%
The company has a current ratio of 1.73, a quick ratio of 0.83 and a debt-to-equity ratio of 22.94. The business's 50-day simple moving average is C$9.99 and its 200-day simple moving average is C$11.92. The company has a market capitalization of C$239.99 million, a PE ratio of 12.13 and a beta of 0.63.
Vecima Networks Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Friday, May 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. Vecima Networks's payout ratio is 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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