Insider Buying: Vecima Networks Inc. (TSE:VCM) Insider Acquires 1,000 Shares of Stock

Vecima Networks Inc. (TSE:VCM) insider 684739 B.C. Ltd. purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average price of C$20.67 per share, with a total value of C$20,670.00.

Vecima Networks Trading Down 0.6 %

Shares of VCM traded down C$0.13 during trading on Thursday, reaching C$20.40. 140 shares of the company traded hands, compared to its average volume of 3,492. Vecima Networks Inc. has a twelve month low of C$14.50 and a twelve month high of C$23.01. The stock has a market cap of C$495.92 million, a PE ratio of 25.50 and a beta of 0.63. The stock has a 50-day simple moving average of C$21.17 and a 200-day simple moving average of C$20.98. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 43.54.

Vecima Networks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 11th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Friday, October 11th. Vecima Networks’s dividend payout ratio is presently 27.50%.

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.