Vecima Networks (TSE:VCM) Price Target Lowered to C$20.00 at Raymond James

Vecima Networks (TSE:VCM) had its price objective lowered by Raymond James from C$27.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James’ price target would suggest a potential upside of 81.65% from the stock’s previous close.

A number of other equities research analysts have also weighed in on VCM. Cormark lowered Vecima Networks from a “buy” rating to a “market perform” rating and lowered their price objective for the company from C$23.00 to C$14.00 in a report on Monday. Accountability Research reduced their price target on shares of Vecima Networks from C$27.00 to C$24.00 in a research report on Friday, November 15th.

Vecima Networks Stock Performance

VCM traded up C$0.01 during trading on Friday, reaching C$11.01. The company’s stock had a trading volume of 300 shares, compared to its average volume of 6,369. Vecima Networks has a 52-week low of C$11.00 and a 52-week high of C$23.01. The company’s fifty day moving average price is C$14.76 and its 200-day moving average price is C$18.21. The company has a market capitalization of C$264.23 million, a price-to-earnings ratio of 13.35 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a quick ratio of 0.83 and a current ratio of 1.73.

Insider Buying and Selling at Vecima Networks

In other news, Senior Officer Clay Mccreery sold 1,600 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of C$17.40, for a total transaction of C$27,840.00. In the last three months, insiders acquired 1,500 shares of company stock worth $25,390. Insiders own 57.14% of the company’s stock.

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.