Vecima Networks (OTCMKTS:VNWTF) Shares Up 6% – Should You Buy?

Vecima Networks Inc. (OTCMKTS:VNWTFGet Free Report)’s stock price shot up 6% during trading on Wednesday . The company traded as high as $7.15 and last traded at $7.15. 100 shares were traded during trading, a decline of 88% from the average session volume of 800 shares. The stock had previously closed at $6.75.

Wall Street Analyst Weigh In

Separately, Raymond James Financial restated an “outperform” rating on shares of Vecima Networks in a research report on Friday, May 16th.

Get Our Latest Stock Report on Vecima Networks

Vecima Networks Stock Up 6.0%

The firm’s 50-day moving average is $7.06 and its two-hundred day moving average is $7.95.

Vecima Networks Company Profile

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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.

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