Vecima Networks (TSE:VCM) Stock Price Crosses Above 200-Day Moving Average of $17.79

Vecima Networks Inc. (TSE:VCM)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$17.79 and traded as high as C$19.80. Vecima Networks shares last traded at C$19.75, with a volume of 4,900 shares.

Analyst Upgrades and Downgrades

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

Vecima Networks Stock Performance

The company has a debt-to-equity ratio of 27.09, a current ratio of 1.58 and a quick ratio of 0.83. The firm has a market capitalization of C$480.12 million, a PE ratio of 32.38 and a beta of 0.65. The firm has a fifty day moving average price of C$20.24 and a 200 day moving average price of C$17.79.

Vecima Networks (TSE:VCM) last posted its quarterly earnings data on Wednesday, February 14th. The company reported C$0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.04 by C$0.11. Vecima Networks had a return on equity of 6.88% and a net margin of 5.37%. The firm had revenue of C$61.95 million for the quarter, compared to the consensus estimate of C$61.65 million. Research analysts anticipate that Vecima Networks Inc. will post 1.5397816 earnings per share for the current fiscal year.

Vecima Networks Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Friday, February 23rd were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, February 22nd. Vecima Networks’s dividend payout ratio is 36.07%.

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.