Vecima Networks Inc. (TSE:VCM) Director Surinder Ghai Kumar Sells 1,100 Shares

Vecima Networks Inc. (TSE:VCM) Director Surinder Ghai Kumar sold 1,100 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of C$10.00, for a total value of C$11,000.00.

Surinder Ghai Kumar also recently made the following trade(s):

• On Wednesday, February 26th, Surinder Ghai Kumar sold 400 shares of Vecima Networks stock. The shares were sold at an average price of C$10.98, for a total value of C$4,392.00.

Vecima Networks Trading Up 4.0%

TSE VCM opened at C$10.40 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.73 and a debt-to-equity ratio of 22.94. The stock has a market capitalization of C$249.59 million, a P/E ratio of 12.61 and a beta of 0.63. Vecima Networks Inc. has a 52-week low of C$8.43 and a 52-week high of C$22.50. The firm has a 50-day moving average price of C$9.91 and a 200 day moving average price of C$13.04.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Friday, May 30th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, May 30th. Vecima Networks’s dividend payout ratio (DPR) is 26.68%.

Analyst Ratings Changes

VCM has been the subject of several analyst reports. Raymond James cut their price target on Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th. Cormark raised shares of Vecima Networks from a “hold” rating to a “moderate buy” rating in a research note on Tuesday.

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.