Vecima Networks (TSE:VCM) Sets New 52-Week High – Still a Buy?

Vecima Networks Inc. (TSE:VCM) reached a new 52-week high on Wednesday . The stock traded as high as C$13.40 and last traded at C$13.39, with a volume of 800 shares trading hands. The stock had previously closed at C$13.38.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital raised their price objective on 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.com, Vecima Networks currently has an average rating of “Buy” and a consensus price target of C$16.50.

Vecima Networks Trading Up 0.8%

The business has a fifty day simple moving average of C$13.12 and a 200 day simple moving average of C$11.34. The stock has a market cap of C$328.01 million, a price-to-earnings ratio of -24.98 and a beta of 0.73. The company has a debt-to-equity ratio of 29.54, a quick ratio of 0.83 and a current ratio of 1.54.

Vecima Networks (TSE:VCM) last announced its earnings results on Thursday, May 14th. The company reported C$0.06 EPS for the quarter. The firm had revenue of C$64.83 million for the quarter. Vecima Networks had a negative return on equity of 6.16% and a negative net margin of 4.72%. As a group, equities analysts anticipate that Vecima Networks Inc. will post 1.1799065 EPS for the current 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.