Vecima Networks (TSE:VCM) Given New C$24.00 Price Target at Accountability Research

Vecima Networks (TSE:VCM) had its price target reduced by stock analysts at Accountability Research from C$27.00 to C$24.00 in a report issued on Friday,BayStreet.CA reports. Accountability Research’s price target suggests a potential upside of 37.14% from the stock’s previous close.

Vecima Networks Price Performance

Shares of TSE:VCM opened at C$17.50 on Friday. The company has a market cap of C$425.43 million, a P/E ratio of 21.88 and a beta of 0.63. The company’s fifty day moving average is C$20.26 and its two-hundred day moving average is C$20.69. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. Vecima Networks has a 12-month low of C$14.50 and a 12-month high of C$23.01.

Vecima Networks (TSE:VCM) last posted its quarterly earnings results on Thursday, September 19th. The company reported C$0.34 earnings per share for the quarter, missing the consensus estimate of C$0.47 by C($0.13). Vecima Networks had a net margin of 6.66% and a return on equity of 8.57%. The business had revenue of C$87.48 million for the quarter, compared to analyst estimates of C$92.93 million. Equities analysts expect that Vecima Networks will post 1.1799065 earnings per share for the current fiscal year.

Insider Buying and Selling at Vecima Networks

In other news, Senior Officer Richard Dean Rockwell sold 2,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of C$20.58, for a total transaction of C$41,160.00. Company insiders own 57.14% of the company’s stock.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.