Vecima Networks Inc (TSE:VCM) had its target price reduced by Pi Financial from C$12.50 to C$11.00 in a research note issued to investors on Friday morning. They currently have a neutral rating on the stock.

Vecima Networks (VCM) opened at 9.77 on Friday. The firm has a market capitalization of $218.62 million and a PE ratio of 12.12. The company has a 50 day moving average of $10.00 and a 200 day moving average of $10.21. Vecima Networks has a 1-year low of $8.12 and a 1-year high of $11.10.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 3rd. Shareholders of record on Friday, October 13th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.22 dividend on an annualized basis and a yield of 2.25%.

Vecima Networks Company Profile

Vecima Networks Inc is engaged in creating technology solutions that allows network service providers to connect people and enterprises to information and entertainment across the world. The Company is a designer and manufacturer in the broadband cable and wireless network infrastructure market. The Company’s segments include Video and Broadband, YourLink and Telematics.

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