Vecima Networks (TSE:VCM) Reaches New 1-Year High – Here’s What Happened

Vecima Networks Inc. (TSE:VCM) shares hit a new 52-week high on Monday . The stock traded as high as C$14.49 and last traded at C$13.09, with a volume of 3671 shares traded. The stock had previously closed at C$13.04.

Vecima Networks Stock Performance

The stock has a market capitalization of C$318.28 million, a P/E ratio of -24.24 and a beta of 0.45. The stock’s 50 day moving average price is C$13.28 and its 200-day moving average price is C$12.02. 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 issued its quarterly earnings data 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 company had revenue of C$64.83 million during the quarter. As a group, equities research analysts expect that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

Vecima Networks Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Monday, June 22nd were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was 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.