Vecima Networks (OTCMKTS:VNWTF) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of Vecima Networks Inc. (OTCMKTS:VNWTF) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $9.08 and traded as low as $8.92. Vecima Networks shares last traded at $8.92, with a volume of 1,100 shares trading hands.

Analysts Set New Price Targets

Separately, B. Riley Financial restated a “buy” rating on shares of Vecima Networks in a research note on Friday, September 25th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Vecima Networks Price Performance

The stock has a 50 day moving average of $9.18 and a 200 day moving average of $9.08.

About Vecima Networks

Vecima Networks Inc is a Canadian technology company that develops broadband access, network infrastructure and video delivery solutions for communications service providers. Its products are designed to help operators deliver high-speed internet, video and other digital services over cable, fiber and wireless networks.

The company’s portfolio includes the Entra broadband access platform, which supports network architectures such as distributed access and fiber-based connectivity. Vecima also provides equipment and software used in video and content delivery, including solutions that help service providers manage, transport and distribute digital programming across their networks.

Founded in 1988, Vecima is headquartered in Victoria, British Columbia, Canada, and serves cable, telecommunications and other broadband operators in markets around the world.