Vecima Networks (TSE:VCM) Share Price Passes Above 200 Day Moving Average of $18.95

Vecima Networks Inc. (TSE:VCM)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$18.95 and traded as high as C$20.50. Vecima Networks shares last traded at C$20.50, with a volume of 1,101 shares trading hands.

Analyst Ratings Changes

Separately, Cormark increased their target price on shares of Vecima Networks from C$23.00 to C$27.00 in a research report on Thursday, April 4th.

Vecima Networks Stock Up 1.2 %

The company has a market capitalization of C$498.36 million, a PE ratio of 30.60 and a beta of 0.65. The company has a debt-to-equity ratio of 43.54, a quick ratio of 0.83 and a current ratio of 1.49. The stock’s 50 day moving average is C$20.80 and its 200 day moving average is C$18.95.

Vecima Networks (TSE:VCM) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C$0.24 EPS for the quarter, missing analysts’ consensus estimates of C$0.27 by C($0.03). The business had revenue of C$80.14 million for the quarter, compared to analysts’ expectations of C$79.99 million. Vecima Networks had a net margin of 5.82% and a return on equity of 7.34%. On average, sell-side analysts anticipate that Vecima Networks Inc. will post 1.520387 EPS for the current fiscal year.

Vecima Networks Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 24th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Thursday, May 23rd. Vecima Networks’s payout ratio is currently 32.84%.

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.