The stock of Vecima Networks Inc (TSE:VCM) is a huge mover today! About 24,070 shares traded hands. Vecima Networks Inc (TSE:VCM) has declined 29.08% since April 7, 2016 and is downtrending. It has underperformed by 35.22% the S&P500.
The move comes after 9 months positive chart setup for the $197.35M company. It was reported on Nov, 11 by Barchart.com. We have $25.03 PT which if reached, will make TSE:VCM worth $376.94 million more.
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. Vecima Networks Inc. has been the topic of 2 analyst reports since February 12, 2016 according to StockzIntelligence Inc. As per Friday, May 13, the company rating was downgraded by IBC.
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 $197.35 million. The Firm is a designer and maker in the broadband cable and wireless network infrastructure market. It has a 8.56 P/E ratio. The Company’s divisions include Video and Broadband, YourLink and Telematics.
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