Vecima Networks (TSE:VCM) Stock Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Vecima Networks Inc. (TSE:VCM) 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) 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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 4th. Investors of record on Friday, October 11th will be paid a dividend of $0.055 per share. The ex-dividend date is Friday, October 11th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.09%. Vecima Networks’s dividend payout ratio is presently 27.50%.

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.