Vecima Networks (TSE:VCM) Given New C$20.00 Price Target at Raymond James

Vecima Networks (TSE:VCM) had its price objective reduced by Raymond James from C$27.00 to C$20.00 in a report published on Friday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on VCM. Accountability Research decreased their price objective on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th. Cormark downgraded Vecima Networks from a “buy” rating to a “market perform” rating and decreased their price target for the stock from C$23.00 to C$14.00 in a research note on Monday, February 10th.

Vecima Networks Price Performance

Shares of VCM opened at C$11.75 on Friday. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73. The firm has a market cap of C$281.99 million, a PE ratio of 14.25 and a beta of 0.63. Vecima Networks has a twelve month low of C$11.00 and a twelve month high of C$23.01. The firm’s 50 day moving average price is C$14.76 and its 200 day moving average price is C$18.21.

Vecima Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 24th will be issued a $0.055 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.22 annualized dividend and a yield of 1.87%. Vecima Networks’s dividend payout ratio (DPR) is presently 26.68%.

Insiders Place Their Bets

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$17.40, for a total transaction of C$27,840.00. Insiders bought a total of 1,500 shares of company stock valued at $25,390 in the last quarter. Insiders own 57.14% of the company’s stock.

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.