Will Vecima Networks Inc Short Squeeze Soon?

 Will Vecima Networks Inc Short Squeeze Soon?

The stock of Vecima Networks Inc (TSE:VCM) is a huge mover today! About 13,585 shares traded hands. Vecima Networks Inc (TSE:VCM) has declined 26.83% since March 31, 2016 and is downtrending. It has underperformed by 27.92% the S&P500.
The move comes after 8 months negative chart setup for the $182.95 million company. It was reported on Nov, 4 by Barchart.com. We have $7.43 PT which if reached, will make TSE:VCM worth $20.12M less.

Vecima Networks Inc (TSE:VCM) Ratings Coverage

Out of 2 analysts covering Vecima Networks Inc. (TSE:VCM), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. $13.85 is the highest target while $13 is the lowest. The $13.43 average target is 60.84% above today’s ($8.35) stock price. Vecima Networks Inc. has been the topic of 2 analyst reports since February 12, 2016 according to StockzIntelligence Inc. IBC downgraded it to “Sector Perform” rating and $13 target price in Friday, May 13 report.

More news for Vecima Networks Inc (TSE:VCM) were recently published by: Marketwired.com, which released: “Vecima Networks Announces Acquisition of Contigo Systems Inc.” on March 04, 2016. Theglobeandmail.com‘s article titled: “Vecima Networks: Under-the-radar, undervalued stock is a cash machine” and published on March 25, 2014 is yet another important article.

Vecima Networks Inc. is engaged in creating technology solutions that allows network service providers to connect people and enterprises to information and entertainment across the world. The company has a market cap of $182.95 million. The Firm is a designer and maker in the broadband cable and wireless network infrastructure market. It has a 8.31 P/E ratio. The Company’s divisions include Video and Broadband, YourLink and Telematics.

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