Acumen Capital Issues Positive Forecast for Vecima Networks (TSE:VCM) Stock Price

Vecima Networks (TSE:VCM) had its price objective hoisted by Acumen Capital from C$15.00 to C$16.00 in a research report released on Friday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

Vecima Networks Price Performance

Shares of VCM stock opened at C$11.15 on Friday. The business’s fifty day moving average is C$10.03 and its 200 day moving average is C$10.10. 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 cap of C$271.11 million, a price-to-earnings ratio of -13.77 and a beta of 0.42. Vecima Networks has a twelve month low of C$8.43 and a twelve month high of C$11.79.

Vecima Networks (TSE:VCM) last released its earnings results on Thursday, February 12th. The company reported C$0.04 EPS for the quarter. Vecima Networks had a return on equity of 8.62% and a net margin of 6.35%.The business had revenue of C$73.72 million for the quarter. Research analysts expect that Vecima Networks will post 1.1799065 EPS for the current fiscal year.

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.