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Vecima Networks Inc. (TSE:VCM) target price lowered to $11.25, issued a report today by PI Financial

Vecima Networks Inc. (TSE:VCM) had its target price lowered to $11.25 by PI Financial in a report released 9/27/2016. The new target price indicates a possible upside of 0.25% based on the company's last closing price.

Previously on 05/13/2016, CIBC World Markets reported on Vecima Networks Inc. (TSE:VCM) raised the target price from $0.00 to $13.00. At the time, this indicated a possible upside of 0.10%.

Yesterday Vecima Networks Inc. (TSE:VCM) traded -0.22% lower at $9.00. The company’s 50-day moving average is $9.87 and its 200-day moving average is $10.78. The last closing price is down -14.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 21,125 shares of the stock were exchanged, up from an average trading volume of 10,498

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Vecima Networks Inc. (TSE:VCM)

Vecima Networks Inc. has a 52 week low of $9.07 and a 52 week high of $12.60 with a P/E ratio of 9.22 The company’s market cap is currently $0.

In addition to PI Financial reporting its target price, a total of 2 brokers have issued a report on the stock. The consensus target price is $9.57 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Vecima Networks Inc. (TSE:VCM)

Vecima Networks Inc. is a Canada-based company, which designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. The Company operates in Saskatoon, Saskatchewan, Burnaby and Victoria. It has a software development facility in Mangalore, India. Service providers use its solutions to deliver services to a broadband market, including triple play (voice, video and data) and quadruple play (voice, video, data and wireless) services. Its products are directed at two markets: converged wired solutions, including a family of up converter and modulator modules that process data from routers and convert it to higher frequencies for transmission over cable to subscribers, gigabit network edge devices, EdgeQAM modulators and trans modulators, and broadband wireless, including transmitters, receivers and transceivers that process data from routers, switches and modems for the purpose of communication to subscribers over a wireless environment.

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