Vecima Networks (TSE:VCM) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Vecima Networks Inc. (TSE:VCM) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.24 and traded as high as C$13.35. Vecima Networks shares last traded at C$12.67, with a volume of 3,204 shares trading hands.

Vecima Networks Price Performance

The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 29.54. The stock’s 50 day moving average price is C$13.24 and its two-hundred day moving average price is C$12.13. The stock has a market cap of C$308.07 million, a price-to-earnings ratio of -23.46 and a beta of 0.52.

Vecima Networks (TSE:VCM) last posted its quarterly earnings results on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. The company had revenue of C$64.83 million for the quarter. Vecima Networks had a negative net margin of 4.72% and a negative return on equity of 6.16%. Equities research analysts forecast that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

Vecima Networks Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd were paid a $0.055 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. Vecima Networks’s dividend payout ratio is presently -40.74%.

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.