Vecima Networks Inc. Senior Officer Sells Shares

Vecima Networks Inc. (TSE:VCM - Get Free Report) recently saw a notable transaction involving its Senior Officer, Clay Mccreery. On January 3rd, Mccreery sold 800 shares of the company’s stock. The shares were sold at an average price of C$16.00, resulting in a total transaction valued at C$12,800.00.

In addition to this recent sale, Mccreery made another significant transaction on December 4th, where he sold 1,600 shares at an average price of C$17.40, totaling C$27,840.00. These trades highlight ongoing activity within the management of Vecima Networks.

Vecima Networks Stock Performance

On the day of the share sale, Vecima Networks stock opened at C$15.97. The company’s stock has a 50-day moving average of C$17.20 and a 200-day moving average of C$19.65. With a market capitalization of C$388.23 million, the stock's P/E ratio stands at 19.96, and it has a low beta of 0.63. As for its trading history, Vecima has reached a 1-year low of C$14.50 and a high of C$23.01.

Recent Dividend Announcement

Moreover, Vecima Networks also declared a quarterly dividend, which was paid on December 16th. Investors on record for that date received a dividend of $0.055, equating to an annualized dividend of $0.22 and a yield of 1.38%. The ex-dividend date was set for November 22nd, and the dividend payout ratio currently stands at 27.50%.

Analyst Revisions

In terms of Wall Street analysis, Accountability Research has adjusted their target price for Vecima Networks shares. Initially set at C$27.00, the new target price is now C$24.00, reflecting cautious sentiment from analysts regarding the company's stock performance.

About Vecima Networks

Vecima Networks Inc. focuses on creating 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 specializes in platforms that process data from cable networks, providing high-speed internet access and adapting video services for consumers.

Vecima, Stocks, Selling