Vecima Networks (TSE:VCM) Hits New 52-Week High – Here’s What Happened

Shares of Vecima Networks Inc. (TSE:VCM) reached a new 52-week high on Monday . The company traded as high as C$12.02 and last traded at C$12.00, with a volume of 4037 shares. The stock had previously closed at C$12.02.

Analysts Set New Price Targets

Separately, Acumen Capital lifted their price target 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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Vecima Networks currently has an average rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Trading Down 0.2%

The stock has a market cap of C$291.78 million, a price-to-earnings ratio of -25.00 and a beta of 0.42. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83. The company’s fifty day moving average price is C$10.21 and its 200-day moving average price is C$10.14.

Vecima Networks (TSE:VCM) last issued its earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share (EPS) for the quarter. The firm had revenue of C$73.72 million during the quarter. Vecima Networks had a net margin of 6.35% and a return on equity of 8.62%. On average, research analysts expect that Vecima Networks Inc. will post 1.1799065 EPS for the current fiscal year.

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.