Vecima Networks (TSE:VCM) Shares Down 1.2% – Should You Sell?

Vecima Networks Inc. (TSE:VCM)’s share price fell 1.2% during mid-day trading on Monday. The stock traded as low as C$12.54 and last traded at C$12.86. 676 shares traded hands during trading, a decline of 86% from the average daily volume of 4,732 shares. The stock had previously closed at C$13.02.

Vecima Networks Trading Down 1.2%

The firm has a market cap of C$312.69 million, a P/E ratio of 98.92 and a beta of 0.26. The company has a 50 day moving average of C$12.82 and a 200 day moving average of C$12.67. The company has a debt-to-equity ratio of 22.55, a quick ratio of 0.83 and a current ratio of 1.71.

Vecima Networks (TSE:VCM) last released its quarterly earnings data on Thursday, September 24th. The company reported C$0.21 EPS for the quarter. The firm had revenue of C$85.33 million for the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. Analysts predict that Vecima Networks Inc. will post 1.18 EPS for the current fiscal year.

Vecima Networks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Monday, November 9th will be given a $0.0550 dividend. This represents a $0.22 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 16th. Vecima Networks’s payout ratio is currently 169.23%.

Insider Activity at Vecima Networks

In other news, insider Colin Howlett sold 5,500 shares of the stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of C$13.50, for a total transaction of C$74,250.00. Following the transaction, the insider owned 16,158 shares in the company, valued at C$218,133. This represents a 25.39% decrease in their position. In the last quarter, insiders have sold 11,800 shares of company stock worth $159,232. Corporate insiders own 57.14% of the company’s stock.

Vecima Networks Company Profile

Vecima Networks Inc (TSX: VCM) builds the intelligent infrastructure powering the next generation of connectivity. Through broadband access, content delivery, cloud-native software, automation, and AI-enabled solutions, Vecima helps service providers modernize cable and fiber networks, deliver exceptional broadband and video experiences, and operate more intelligent, efficient networks. As operators evolve toward AI-enabled, software-driven architectures, Vecima’s platforms simplify operations, accelerate innovation, and enable the reliable, high-performance networks that connect homes, businesses, and communities around the world.