Vecima Networks (TSE:VCM) Hits New 1-Year High – What’s Next?

Vecima Networks Inc. (TSE:VCM)’s share price hit a new 52-week high on Monday . The company traded as high as C$12.39 and last traded at C$12.39, with a volume of 517 shares traded. The stock had previously closed at C$12.21.

Wall Street Analyst Weigh In

Separately, Acumen Capital boosted 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$16.50.

Vecima Networks Stock Performance

The company has a market capitalization of C$301.26 million, a price-to-earnings ratio of -25.81 and a beta of 0.92. The company has a 50 day moving average price of C$10.65 and a 200 day moving average price of C$10.27. The company has a debt-to-equity ratio of 34.60, a quick ratio of 0.83 and a current ratio of 1.54.

Vecima Networks (TSE:VCM) last posted its quarterly earnings results on Thursday, February 12th. The company reported C$0.04 earnings per share for the quarter. Vecima Networks had a negative return on equity of 5.37% and a negative net margin of 4.22%.The business had revenue of C$73.72 million for the quarter. Equities research analysts predict that Vecima Networks Inc. will post 1.1799065 earnings per share 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.