Vecima Networks (TSE:VCM) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Vecima Networks' stock has dropped below its 200-day moving average, trading at C$10.71, which indicates potential challenges in its price performance.
• Analysts from Cormark have upgraded Vecima Networks from a "hold" to a "moderate buy" rating, suggesting potential growth in the stock's future performance.
• The company declared a quarterly dividend of $0.055 per share, with a dividend yield of 2.05%, reflecting its ongoing commitment to returning value to shareholders.

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 traded.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th.

Vecima Networks Price Performance

The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The stock has a market capitalization of C$257.03 million, a P/E ratio of 12.99 and a beta of 0.63. The stock's fifty day moving average is C$10.06 and its 200-day moving average is C$10.74.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Friday, May 30th were paid a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 annualized dividend and a dividend yield of 2.05%. Vecima Networks's dividend payout ratio (DPR) is presently 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.

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