Vecima Networks Inc (VCM) Insider Vecima Networks Inc. Acquires 2,089 Shares

Vecima Networks Inc (TSE:VCM) insider Vecima Networks Inc. acquired 2,089 shares of the firm’s stock in a transaction on Wednesday, November 21st. The shares were bought at an average cost of C$8.40 per share, for a total transaction of C$17,547.60.

TSE VCM opened at C$8.25 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 5.11 and a quick ratio of 4.02. Vecima Networks Inc has a 1-year low of C$8.19 and a 1-year high of C$10.12.

Vecima Networks (TSE:VCM) last released its quarterly earnings data on Thursday, November 8th. The company reported C($0.05) earnings per share for the quarter. The business had revenue of C$21.30 million during the quarter. Analysts forecast that Vecima Networks Inc will post 0.379999988024243 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 17th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Tuesday, November 20th. Vecima Networks’s payout ratio is currently 293.33%.

Separately, Pi Financial decreased their price objective on Vecima Networks from C$9.50 to C$8.60 in a report on Friday, November 9th.

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About Vecima Networks

Vecima Networks Inc provides technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Its products for the cable industry allow service providers a last mile solution for video and broadband access in business services market segment.

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