Vecima Networks Inc. (TSE:VCM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$10.74 and traded as low as C$10.49. Vecima Networks shares last traded at C$10.71, with a volume of 1,800 shares trading hands.
Analysts Set New Price Targets
Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th.
Get Our Latest Stock Analysis on VCM
Vecima Networks Stock Down 0.3%
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 firm has a market cap of C$251.99 million, a price-to-earnings ratio of 12.73 and a beta of 0.63. The stock's 50 day moving average is C$10.08 and its 200 day moving average is C$10.70.
Vecima Networks Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 30th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, May 30th. Vecima Networks's dividend payout ratio (DPR) is currently 26.68%.
Vecima Networks Company Profile
(
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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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