Key Points
- Insider sale: Colin Howlett sold 1,400 Vecima Networks shares at C$13.50 each for C$18,900, reducing his direct ownership by 5.99% to 21,958 shares.
- Stock and financial performance: Vecima shares opened at C$13.45, with a market capitalization of approximately C$327 million and a 52-week range of C$9.31 to C$14.49. The company reported quarterly EPS of C$0.21 and revenue of C$85.33 million.
- Dividend: Vecima declared a quarterly dividend of C$0.055 per share, equivalent to C$0.22 annually and a 1.6% yield; its payout ratio stands at 169.23%.
Vecima Networks Inc. (TSE:VCM - Get Free Report) insider Colin Howlett sold 1,400 shares of the firm's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of C$13.50, for a total transaction of C$18,900.00. Following the completion of the transaction, the insider directly owned 21,958 shares in the company, valued at C$296,433. This represents a 5.99% decrease in their position.
Vecima Networks Stock Performance
Shares of TSE VCM opened at C$13.45 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.71 and a debt-to-equity ratio of 22.55. The firm's 50-day moving average price is C$12.58 and its two-hundred day moving average price is C$12.95. Vecima Networks Inc. has a 52-week low of C$9.31 and a 52-week high of C$14.49. The stock has a market capitalization of C$327.04 million, a P/E ratio of 103.46 and a beta of 0.40.
Vecima Networks (TSE:VCM - Get Free Report) last posted its earnings results on Thursday, September 24th. The company reported C$0.21 EPS for the quarter. The company had revenue of C$85.33 million during the quarter. Vecima Networks had a return on equity of 1.49% and a net margin of 1.06%. As a group, sell-side analysts forecast that Vecima Networks Inc. will post 1.18 earnings per share for the current year.
Vecima Networks Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Monday, November 9th will be issued a $0.0550 dividend. The ex-dividend date of this dividend is Friday, October 16th. This represents a $0.22 annualized dividend and a dividend yield of 1.6%. Vecima Networks's dividend payout ratio (DPR) is 169.23%.
About Vecima Networks
(
Get Free Report)
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.
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