Vecima Networks Inc. (TSE:VCM) Senior Officer Sells C$12,800.00 in Stock

Vecima Networks Inc. (TSE:VCM) Senior Officer Clay Mccreery sold 800 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of C$16.00, for a total value of C$12,800.00.

Clay Mccreery also recently made the following trade(s):

• On Wednesday, December 4th, Clay Mccreery sold 1,600 shares of Vecima Networks stock. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00.

Vecima Networks Stock Performance

TSE:VCM opened at C$15.97 on Friday. The firm 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 stock has a market cap of C$388.23 million, a P/E ratio of 19.96 and a beta of 0.63. Vecima Networks Inc. has a 1-year low of C$14.50 and a 1-year high of C$23.01.

Vecima Networks Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, November 22nd. Vecima Networks’s dividend payout ratio is currently 27.50%.

Wall Street Analyst Weigh In

Separately, Accountability Research reduced their target price on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

About Vecima Networks

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.