Vecima Networks (TSE:VCM) Share Price Crosses Above 50-Day Moving Average – Should You Sell?

Vecima Networks Inc. (TSE:VCM)’s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.24 and traded as high as C$13.35. Vecima Networks shares last traded at C$12.67, with a volume of 3,204 shares trading hands.

Vecima Networks Price Performance

The company has a market capitalization of C$309.04 million, a PE ratio of -23.54 and a beta of 0.52. The company has a current ratio of 1.54, a quick ratio of 0.83 and a debt-to-equity ratio of 29.54. The stock has a fifty day simple moving average of C$13.25 and a 200-day simple moving average of C$12.17.

Vecima Networks (TSE:VCM) last released its quarterly earnings data on Thursday, May 14th. The company reported C$0.06 earnings per share (EPS) for the quarter. The company had revenue of C$64.83 million during the quarter. Vecima Networks had a negative net margin of 4.72% and a negative return on equity of 6.16%. Equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 earnings per share for the current year.

Vecima Networks Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 22nd were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 29th. Vecima Networks’s dividend payout ratio is presently -40.74%.

Vecima Networks Company Profile

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.