Vecima Networks (OTCMKTS:VNWTF) Stock Price Down 2% – Time to Sell?

Vecima Networks Inc. (OTCMKTS:VNWTFGet Free Report) was down 2% during trading on Wednesday . The company traded as low as $6.94 and last traded at $6.94. Approximately 100 shares were traded during trading, a decline of 96% from the average daily volume of 2,850 shares. The stock had previously closed at $7.0850.

Wall Street Analyst Weigh In

Separately, B. Riley reaffirmed a “buy” rating on shares of Vecima Networks in a research report on Friday, November 14th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Vecima Networks has a consensus rating of “Buy”.

View Our Latest Report on Vecima Networks

Vecima Networks Stock Performance

The firm’s 50 day moving average is $7.08 and its two-hundred day moving average is $7.28.

Vecima Networks Company Profile

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Vecima Networks Inc, headquartered in Victoria, British Columbia, is a technology company specializing in network content delivery, broadband access and wireless video solutions. Since its incorporation in 1988, the company has developed hardware and software platforms that enable cable operators, broadband service providers and enterprise customers to deploy high-performance video streaming, data transport and content management services.

The company’s product portfolio spans three key business segments.

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