Vecima Networks (TSE:VCM) Sets New 12-Month Low – Should You Sell?

Vecima Networks Inc. (TSE:VCM) shares hit a new 52-week low on Wednesday . The company traded as low as C$15.10 and last traded at C$14.83, with a volume of 640 shares trading hands. The stock had previously closed at C$14.81.

Analysts Set New Price Targets

Separately, Accountability Research lowered their price target on Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Price Performance

The firm has a 50-day simple moving average of C$16.41 and a 200-day simple moving average of C$19.28. The firm has a market capitalization of C$350.06 million, a PE ratio of 18.00 and a beta of 0.63. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64 and a quick ratio of 0.83.

Vecima Networks Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s payout ratio is 27.50%.

Insider Buying and Selling at Vecima Networks

In related news, Senior Officer Clay Mccreery sold 1,600 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total value of C$27,840.00. Over the last ninety days, insiders acquired 1,500 shares of company stock valued at $25,390. 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.