Vecima Networks (TSE:VCM) Price Target Cut to C$24.00 by Analysts at Accountability Research

Vecima Networks (TSE:VCM) had its target price trimmed by Accountability Research from C$27.00 to C$24.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Vecima Networks Trading Down 0.1 %

VCM stock traded down C$0.02 during mid-day trading on Friday, reaching C$17.50. 3,400 shares of the stock traded hands, compared to its average volume of 3,250. Vecima Networks has a one year low of C$14.50 and a one year high of C$23.01. The company has a debt-to-equity ratio of 29.61, a quick ratio of 0.83 and a current ratio of 1.64. The business has a 50-day moving average price of C$20.26 and a two-hundred day moving average price of C$20.69. The stock has a market capitalization of C$425.43 million, a PE ratio of 21.88 and a beta of 0.63.

Vecima Networks (TSE:VCM) last released its earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.13). The business had revenue of C$87.48 million for the quarter, compared to the consensus estimate of C$92.93 million. Vecima Networks had a return on equity of 8.57% and a net margin of 6.66%. Equities research analysts expect that Vecima Networks will post 1.1799065 EPS for the current year.

Vecima Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 22nd. Vecima Networks’s payout ratio is currently 27.50%.

Insider Activity

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of Vecima Networks stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total transaction of C$41,160.00. Company insiders own 57.14% of the company’s stock.

Vecima Networks Company Profile

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.