Vecima Networks Inc. (TSE:VCM - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 traded.
Wall Street Analyst Weigh In
Separately, Cormark upgraded shares of Vecima Networks from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on VCM
Vecima Networks Stock Performance
The stock has a market capitalization of C$226.79 million, a price-to-earnings ratio of 11.46 and a beta of 0.63. 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 firm has a 50-day moving average of C$9.97 and a 200-day moving average of C$11.32.
Vecima Networks Dividend Announcement
The firm also recently declared 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 was Friday, May 30th. This represents a $0.22 annualized dividend and a yield of 2.33%. Vecima Networks's dividend payout ratio (DPR) is presently 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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