Vecima Networks Inc. (TSE:VCM - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.43 and traded as low as C$9.30. Vecima Networks shares last traded at C$9.40, with a volume of 1,032 shares changing hands.
Wall Street Analyst Weigh In
Separately, Cormark raised Vecima Networks from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 20th.
Read Our Latest Stock Report on Vecima Networks
Vecima Networks Price Performance
The firm has a market capitalization of C$225.59 million, a P/E ratio of 11.40 and a beta of 0.63. The company has a fifty day moving average of C$9.96 and a 200 day moving average of C$11.43. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83.
Vecima Networks Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Friday, May 30th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 2.34%. 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.
Further Reading
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