Insider Selling: Vecima Networks Inc. (TSE:VCM) Senior Officer Sells 800 Shares of Stock

Vecima Networks Inc. (TSE:VCM) Senior Officer Clay Mccreery sold 800 shares of Vecima Networks stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of C$16.00, for a total value of C$12,800.00.

Clay Mccreery also recently made the following trade(s):

• On Wednesday, December 4th, Clay Mccreery sold 1,600 shares of Vecima Networks stock. The shares were sold at an average price of C$17.40, for a total value of C$27,840.00.

Vecima Networks Stock Down 1.7 %

Shares of TSE VCM opened at C$15.70 on Tuesday. The firm has a market cap of C$381.67 million, a price-to-earnings ratio of 19.63 and a beta of 0.63. The company’s 50-day simple moving average is C$17.20 and its 200-day simple moving average is C$19.62. The company has a quick ratio of 0.83, a current ratio of 1.64 and a debt-to-equity ratio of 29.61. Vecima Networks Inc. has a 52-week low of C$14.50 and a 52-week high of C$23.01.

Vecima Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 16th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, November 22nd. Vecima Networks’s payout ratio is 27.50%.

Wall Street Analysts Forecast Growth

Separately, Accountability Research decreased their target price on Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

About Vecima Networks

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.