Vecima Networks Inc. Senior Officer Sells Shares

Vecima Networks Inc. (TSE:VCM) has reported a recent transaction involving a senior officer. On January 3rd, Senior Officer Clay Mccreery sold 800 shares of the company’s stock at an average price of C$16.00. This sale resulted in a total value of C$12,800.00.

Additionally, Mccreery completed another stock transaction on December 4th, where he sold 1,600 shares at an average price of C$17.40, totaling C$27,840.00.

Stock Performance Overview

On the day of the latest sale, Vecima Networks’ stock opened at C$15.97. The company's 50-day moving average stands at C$17.20, while the 200-day moving average is C$19.65. Vecima Networks has a debt-to-equity ratio of 29.61, a current ratio of 1.64, and a quick ratio of 0.83. With a market capitalization of C$388.23 million, the firm has a price-to-earnings ratio of 19.96 and a beta of 0.63. The stock has seen a one-year low of C$14.50 and a one-year high of C$23.01.

Dividend Announcement

Vecima Networks has also declared a quarterly dividend, which was paid to investors on December 16th. Shareholders who were on record as of that date received a dividend of $0.055, translating to an annualized dividend of $0.22 and a yield of 1.38%. The ex-dividend date for this distribution was November 22nd. Currently, the company's dividend payout ratio is 27.50%.

Analysts' Insights

On another note, Accountability Research has reduced its target price for Vecima Networks’ shares from C$27.00 to C$24.00, as noted in a report released on November 15th.

About Vecima Networks

Vecima Networks Inc. focuses on developing integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates in three primary segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. Their Video and Broadband Solutions segment delivers high-speed internet connectivity through cable and fiber networks as well as adapts video services.

Vecima, Networks, Stock