Vecima Networks (OTCMKTS:VNWTF) Trading 5.4% Higher – Still a Buy?

Vecima Networks Inc. (OTCMKTS:VNWTFGet Free Report)’s share price shot up 5.4% during trading on Monday . The company traded as high as $9.43 and last traded at $9.43. 100 shares changed hands during trading, a decline of 90% from the average session volume of 975 shares. The stock had previously closed at $8.9490.

Vecima Networks Price Performance

The company has a 50-day simple moving average of $7.80 and a two-hundred day simple moving average of $7.42.

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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