Vecima Networks Inc. (TSE:VCM) Insider 684739 B.C. Ltd. Acquires 1,000 Shares

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average cost of C$11.33 per share, for a total transaction of C$11,326.00.

684739 B.C. Ltd. also recently made the following trade(s):

• On Wednesday, December 11th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$16.72 per share, for a total transaction of C$8,360.00.
• On Friday, December 6th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$16.89 per share, for a total transaction of C$8,445.00.
• On Tuesday, November 26th, 684739 B.C. Ltd. bought 500 shares of Vecima Networks stock. The stock was purchased at an average cost of C$17.17 per share, for a total transaction of C$8,585.00.

Vecima Networks Stock Up 0.8 %

Shares of Vecima Networks stock opened at C$11.10 on Thursday. 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 Inc. has a 1 year low of C$11.00 and a 1 year high of C$23.01. The firm’s 50-day moving average is C$14.31 and its two-hundred day moving average is C$17.91. The stock has a market cap of C$266.39 million, a price-to-earnings ratio of 13.46 and a beta of 0.63.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 1.98%. The ex-dividend date is Friday, February 28th. Vecima Networks’s payout ratio is 26.68%.

Wall Street Analyst Weigh In

VCM has been the topic of several recent analyst reports. Cormark downgraded shares of Vecima Networks from a “buy” rating to a “market perform” rating and reduced their target price for the company from C$23.00 to C$14.00 in a research note on Monday, February 10th. Accountability Research reduced their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a research note on Friday, November 15th. Finally, Raymond James reduced their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

About Vecima Networks

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.