Insider Buying: Vecima Networks Inc. (TSE:VCM) Director Purchases 1,000 Shares of Stock

Vecima Networks Inc. (TSE:VCM) Director David Whitborne Rowat bought 1,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of C$11.48 per share, with a total value of C$11,477.00.

Vecima Networks Price Performance

VCM stock opened at C$10.75 on Friday. Vecima Networks Inc. has a 1 year low of C$10.75 and a 1 year high of C$23.01. The company has a market cap of C$257.99 million, a P/E ratio of 13.03 and a beta of 0.63. The firm has a 50-day moving average of C$14.08 and a 200 day moving average of C$17.76. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83.

Vecima Networks Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, February 28th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, February 28th. Vecima Networks’s payout ratio is currently 26.68%.

Analyst Ratings Changes

A number of analysts have recently weighed in on VCM shares. Cormark lowered shares of Vecima Networks from a “buy” rating to a “market perform” rating and dropped their target price for the stock from C$23.00 to C$14.00 in a report on Monday, February 10th. Raymond James dropped their target price on shares of Vecima Networks from C$27.00 to C$20.00 in a report on Friday, February 14th. Finally, Accountability Research dropped their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a report on Friday, November 15th.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.