Accountability Research Lowers Vecima Networks (TSE:VCM) Price Target to C$24.00

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

Vecima Networks Stock Down 0.1 %

Shares of TSE:VCM opened at C$17.50 on Friday. 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 company has a market capitalization of C$425.43 million, a PE ratio of 21.88 and a beta of 0.63. Vecima Networks has a 52 week low of C$14.50 and a 52 week high of C$23.01. The company’s fifty day moving average is C$20.26 and its 200-day moving average is C$20.70.

Vecima Networks (TSE:VCM) last released its quarterly earnings results 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 business had revenue of C$87.48 million for the quarter, compared to analyst estimates of C$92.93 million. Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. Equities research analysts predict that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

Vecima Networks Announces Dividend

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

Insider Activity at Vecima Networks

In other Vecima Networks news, Senior Officer Richard Dean Rockwell sold 2,000 shares of Vecima Networks stock in a transaction 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 currently owned by company 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.