Vecima Networks (TSE:VCM) Reaches New 12-Month High – Here’s Why

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during trading on Monday . The stock traded as high as C$12.68 and last traded at C$12.69, with a volume of 1054 shares. The stock had previously closed at C$12.40.

Analyst Upgrades and Downgrades

Separately, Acumen Capital raised their target price on shares of Vecima Networks from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 34.60. The firm has a 50 day moving average price of C$10.85 and a 200 day moving average price of C$10.34. The stock has a market cap of C$313.66 million, a PE ratio of -26.88 and a beta of 0.92.

Vecima Networks (TSE:VCM) last released its quarterly earnings data on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. Vecima Networks had a negative net margin of 4.22% and a negative return on equity of 5.37%. The company had revenue of C$73.72 million during the quarter. As a group, research analysts forecast that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

About Vecima Networks

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.