Vecima Networks (TSE:VCM) Stock Rating Lowered by Cormark

Vecima Networks (TSE:VCM) was downgraded by investment analysts at Cormark from a “buy” rating to a “market perform” rating in a report released on Monday, MarketBeat reports. They presently have a C$14.00 price objective on the stock, down from their previous price objective of C$23.00. Cormark’s target price indicates a potential upside of 20.69% from the company’s previous close.

Separately, Accountability Research reduced their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th.

Vecima Networks Stock Down 6.5 %

Vecima Networks stock opened at C$11.60 on Monday. The company has a 50 day moving average of C$15.13 and a 200-day moving average of C$18.38. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. Vecima Networks has a twelve month low of C$11.37 and a twelve month high of C$23.01. The stock has a market capitalization of C$282.00 million, a PE ratio of 14.50 and a beta of 0.63.

Insider Activity

In related news, Senior Officer Clay Mccreery sold 1,600 shares of Vecima Networks stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Insiders have acquired 1,500 shares of company stock worth $25,390 over the last ninety days. Insiders own 57.14% of the company’s stock.

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.