Vecima Networks Inc. Senior Officer Sells Shares

Vecima Networks Inc. (TSE:VCM) had a noteworthy transaction on Friday, January 3rd, when Senior Officer Clay Mccreery sold 800 shares of the company's stock. The shares were sold at an average price of C$16.00, resulting in a total transaction value of C$12,800.00.

This was not the only recent activity by Mr. Mccreery. On December 4th, he also sold 1,600 shares of Vecima Networks. In that transaction, the shares were sold at an average price of C$17.40, amounting to a total of C$27,840.00.

Vecima Networks Stock Performance

The stock opened at C$15.97 on January 3rd. Vecima Networks has a 50-day moving average of C$17.20 and a two-hundred day moving average of C$19.65. The company has a debt-to-equity ratio of 29.61, a current ratio of 1.64, and a quick ratio of 0.83. The market capitalization stands at C$388.23 million with a P/E ratio of 19.96 and a beta of 0.63. The shares have experienced a 1-year low of C$14.50 and a high of C$23.01.

Dividend Announcement

In addition to the recent share sales, Vecima Networks declared a quarterly dividend on December 16th. Shareholders of record on this date received a dividend of $0.055, translating to an annualized dividend of $0.22, reflecting a yield of 1.38%. The ex-dividend date was noted as November 22nd, and the current dividend payout ratio is 27.50%.

Analyst Insights

From an analytical perspective, Accountability Research adjusted the target price for Vecima Networks shares from C$27.00 to C$24.00 in a report released on November 15th.

Company Overview

Vecima Networks Inc. specializes in the development of integrated hardware and software solutions designed for broadband access, content delivery, and telematics. The company operates through three main segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment focuses on platforms that process data from cable networks to provide high-speed internet and adapt video services for consumers.

Vecima, Stocks, Dividend