What Will Happen to Vecima Networks Inc Next? The Stock Just Reaches 52-Week Low

 What Will Happen to Vecima Networks Inc Next? The Stock Just Reaches 52 Week Low

The stock of Vecima Networks Inc (TSE:VCM) hit a new 52-week low and has $7.52 target or 10.00% below today’s $8.35 share price. The 7 months bearish chart indicates high risk for the $182.95M company. The 1-year low was reported on Nov, 7 by Barchart.com. If the $7.52 price target is reached, the company will be worth $18.30M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 14,749 shares traded hands. Vecima Networks Inc (TSE:VCM) has declined 30.13% since April 1, 2016 and is downtrending. It has underperformed by 32.09% the S&P500.

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. The stock has “Sector Perform” rating given by IBC on Friday, May 13.

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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