Vecima Networks (TSE:VCM) Sets New 1-Year High – Here’s What Happened

Vecima Networks Inc. (TSE:VCMGet Free Report) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$13.40 and last traded at C$13.40, with a volume of 2800 shares trading hands. The stock had previously closed at C$13.34.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on VCM

Vecima Networks Stock Performance

The company has a debt-to-equity ratio of 34.60, a current ratio of 1.54 and a quick ratio of 0.83. The stock has a 50-day moving average price of C$12.96 and a 200-day moving average price of C$11.17. The company has a market capitalization of C$325.09 million, a price-to-earnings ratio of -27.85 and a beta of 0.73.

Vecima Networks (TSE:VCMGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The business had revenue of C$73.72 million for the quarter. As a group, analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

Vecima Networks Company Profile

(Get Free Report)

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.

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