Shares of Vecima Networks Inc. (TSE:VCM – Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$21.02 and traded as high as C$21.09. Vecima Networks shares last traded at C$20.20, with a volume of 1,600 shares.
Vecima Networks Trading Up 2.8 %
The firm has a 50-day moving average of C$20.73 and a 200 day moving average of C$21.02. The company has a current ratio of 1.64, a quick ratio of 0.83 and a debt-to-equity ratio of 29.61. The stock has a market capitalization of C$491.06 million, a price-to-earnings ratio of 25.25 and a beta of 0.63.
Vecima Networks (TSE:VCM – Get Free Report) last issued its quarterly earnings data on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.47 by C($0.13). The company had revenue of C$87.48 million for the quarter, compared to the consensus estimate of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. As a group, equities analysts predict that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.
Vecima Networks Dividend Announcement
Insider Buying and Selling
In related news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the 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. 57.14% of the stock is owned by corporate insiders.
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.
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