Acumen Capital Trims Vecima Networks (TSE:VCM) Target Price to C$28.00

Vecima Networks (TSE:VCM – Get Free Report) had its target price reduced by stock analysts at Acumen Capital from C$30.00 to C$28.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Acumen Capital’s price objective suggests a potential upside of 68.27% from the stock’s previous close.

Vecima Networks Stock Performance

Shares of TSE:VCM opened at C$16.64 on Friday. Vecima Networks has a 12 month low of C$15.59 and a 12 month high of C$23.31. The company has a market cap of C$404.35 million, a price-to-earnings ratio of 15.27 and a beta of 0.70. The company has a 50-day moving average price of C$17.19 and a 200-day moving average price of C$19.27. The company has a current ratio of 1.98, a quick ratio of 0.83 and a debt-to-equity ratio of 15.36.

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Vecima Networks Company Profile

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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.

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