Vecima Networks (TSE:VCM) Hits New 12-Month High – What’s Next?

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$13.20 and last traded at C$13.20, with a volume of 319 shares trading hands. The stock had previously closed at C$13.10.

Analyst Ratings Changes

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

Vecima Networks Stock Down 0.8%

The firm’s 50 day simple moving average is C$11.68 and its 200 day simple moving average is C$10.65. The company has a market cap of C$316.10 million, a price-to-earnings ratio of -27.08 and a beta of 0.92. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 34.60.

Vecima Networks (TSE:VCM) last issued its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) 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 during the quarter. Sell-side analysts anticipate that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

Vecima Networks Company Profile

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.