Vecima Networks (TSE:VCM) Reaches New 12-Month High – Here’s Why

Vecima Networks Inc. (TSE:VCM) reached a new 52-week high during trading on Monday . The stock traded as high as C$12.68 and last traded at C$12.69, with a volume of 1054 shares traded. The stock had previously closed at C$12.40.

Analyst Upgrades and Downgrades

Separately, Acumen Capital increased their target price on shares of Vecima Networks from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.54 and a debt-to-equity ratio of 34.60. The business has a 50 day moving average price of C$10.85 and a 200 day moving average price of C$10.34. The stock has a market cap of C$313.66 million, a P/E ratio of -26.88 and a beta of 0.92.

Vecima Networks (TSE:VCM) last issued its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The firm had revenue of C$73.72 million during the quarter. As a group, sell-side analysts expect that Vecima Networks Inc. will post 1.1799065 EPS for the current year.

About Vecima Networks

Vecima Networks Inc delivers scalable software, services, and integrated technologies for broadband access, content delivery, and telematics. The company operates in three segments: Video & Broadband Solutions, Content Delivery & Storage, and Telematics. The Video & Broadband Solutions segment delivers scalable, flexible broadband and video networks for cable and telecommunications operators to meet tomorrow’s bandwidth demands. The Content Delivery & Storage segment develops advanced applications that protect, transform, and deliver visual media.