Vecima Networks (TSE:VCM) Share Price Crosses Above 200-Day Moving Average of $16.15

Vecima Networks Inc. (TSE:VCMGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.15 and traded as high as C$17.07. Vecima Networks shares last traded at C$16.60, with a volume of 2,500 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VCM shares. Cormark upped their target price on Vecima Networks from C$22.00 to C$23.00 in a research report on Monday, May 16th. Acumen Capital increased their price objective on Vecima Networks from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research report on Friday, May 13th.

Vecima Networks Stock Up 2.2 %

The business has a 50-day simple moving average of C$15.95 and a two-hundred day simple moving average of C$16.15. The company has a debt-to-equity ratio of 9.50, a quick ratio of 1.20 and a current ratio of 2.00. The company has a market capitalization of C$383.23 million and a price-to-earnings ratio of 57.24.

Vecima Networks (TSE:VCMGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C$0.13 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.01 by C$0.12. The company had revenue of C$50.87 million for the quarter. As a group, equities analysts predict that Vecima Networks Inc. will post 0.69 EPS for the current year.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 13th. Stockholders of record on Monday, June 13th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Thursday, May 19th. Vecima Networks’s dividend payout ratio (DPR) is 75.86%.

About Vecima Networks

(Get Rating)

Vecima Networks Inc provides technology solutions that empower network service providers and content providers to connect people and enterprises to information and entertainment worldwide. It offers products for the cable and broadcast industries, which provides video and broadband access to service providers, content creators, and broadcasters.

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