Vecima Networks (TSE:VCM) Reaches New 52-Week High – Here’s Why

Vecima Networks Inc. (TSE:VCM) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$11.54 and last traded at C$11.40, with a volume of 4861 shares changing hands. The stock had previously closed at C$11.15.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital boosted their price target on 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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$16.50.

Vecima Networks Price Performance

The company has a market cap of C$289.35 million, a PE ratio of -24.79 and a beta of 0.42. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The firm has a 50 day simple moving average of C$10.17 and a 200-day simple moving average of C$10.13.

Vecima Networks (TSE:VCM) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 EPS for the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. The business had revenue of C$73.72 million during the quarter. As a group, research 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.