Insider Selling: Vecima Networks (TSE:VCM) Insider Sells 1,400 Shares of Stock

Vecima Networks Inc. (TSE:VCM) insider Colin Howlett sold 1,400 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of C$13.50, for a total value of C$18,900.00. Following the completion of the sale, the insider owned 21,958 shares in the company, valued at C$296,433. This represents a 5.99% decrease in their position.

Vecima Networks Stock Up 0.4%

Shares of VCM traded up C$0.06 during midday trading on Tuesday, hitting C$13.45. The company had a trading volume of 18,801 shares, compared to its average volume of 4,871. Vecima Networks Inc. has a 1 year low of C$9.31 and a 1 year high of C$14.49. The company’s 50-day simple moving average is C$12.58 and its 200-day simple moving average is C$12.95. The company has a debt-to-equity ratio of 22.55, a quick ratio of 0.83 and a current ratio of 1.71. The firm has a market capitalization of C$327.04 million, a P/E ratio of 103.46 and a beta of 0.40.

Vecima Networks (TSE:VCM) last announced its quarterly earnings results on Thursday, September 24th. The company reported C$0.21 EPS for the quarter. Vecima Networks had a net margin of 1.06% and a return on equity of 1.49%. The company had revenue of C$85.33 million for the quarter. As a group, sell-side analysts expect that Vecima Networks Inc. will post 1.18 EPS for the current year.

Vecima Networks Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Stockholders of record on Monday, November 9th will be paid a $0.0550 dividend. This represents a $0.22 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, October 16th. Vecima Networks’s dividend payout ratio (DPR) is 169.23%.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.