Vecima Networks (TSE:VCM) issued its quarterly earnings data on Thursday. The company reported C$0.09 earnings per share for the quarter, Morningstar.com reports. The company had revenue of C$22.65 million for the quarter.
VCM traded up C$0.21 during trading on Friday, hitting C$9.17. The company’s stock had a trading volume of 5,600 shares, compared to its average volume of 3,467. Vecima Networks has a one year low of C$8.12 and a one year high of C$9.80. The company has a market capitalization of $205.08 million and a PE ratio of 122.27. The company has a current ratio of 5.11, a quick ratio of 4.02 and a debt-to-equity ratio of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, March 18th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $0.22 annualized dividend and a yield of 2.40%. Vecima Networks’s payout ratio is presently 293.33%.
Separately, Pi Financial lowered their price objective on shares of Vecima Networks from C$9.50 to C$8.60 in a research report on Friday, November 9th.
In other Vecima Networks news, insider Vecima Networks Inc. bought 8,128 shares of the business’s stock in a transaction on Tuesday, January 15th. The shares were bought at an average cost of C$8.35 per share, with a total value of C$67,868.80. Following the transaction, the insider now directly owns 8,128 shares in the company, valued at approximately C$67,868.80. Over the last ninety days, insiders acquired 13,434 shares of company stock worth $112,276.
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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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