Vecima Networks (TSE:VCM) Sets New 52-Week High – Still a Buy?

Vecima Networks Inc. (TSE:VCM)’s stock price hit a new 52-week high on Monday . The company traded as high as C$12.21 and last traded at C$12.20, with a volume of 716 shares traded. The stock had previously closed at C$12.15.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital boosted their price target on shares of Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Stock Up 0.4%

The company has a market cap of C$296.64 million, a PE ratio of -25.42 and a beta of 0.42. The stock has a 50-day moving average of C$10.45 and a 200-day moving average of C$10.20. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94.

Vecima Networks (TSE:VCM) last posted its earnings results on Thursday, February 12th. The company reported C$0.04 EPS for the quarter. The business had revenue of C$73.72 million during the quarter. Vecima Networks had a return on equity of 8.62% and a net margin of 6.35%. Sell-side analysts predict that Vecima Networks Inc. will post 1.1799065 earnings per share for the current fiscal year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.