Vecima Networks (TSE:VCM) Hits New 52-Week High – Time to Buy?

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$14.49 and last traded at C$13.99, with a volume of 408 shares trading hands. The stock had previously closed at C$13.99.

Wall Street Analyst Weigh In

Separately, Acumen Capital increased 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 research note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vecima Networks currently has a consensus rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Stock Performance

The firm has a market capitalization of C$340.17 million, a price-to-earnings ratio of -25.91 and a beta of 0.73. The firm’s 50 day moving average is C$13.27 and its 200 day moving average is C$11.53. The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54.

Vecima Networks (TSE:VCM) last released its earnings results on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. Vecima Networks had a negative net margin of 4.72% and a negative return on equity of 6.16%. The business had revenue of C$64.83 million during the quarter. Equities analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

Vecima Networks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Investors of record on Monday, June 22nd will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, May 29th. Vecima Networks’s dividend payout ratio is -40.74%.

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.