Pi Financial Analysts Give Vecima Networks (TSE:VCM) a C$15.00 Price Target

Pi Financial set a C$15.00 price objective on Vecima Networks (TSE:VCM) in a report published on Thursday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Pi Financial also issued estimates for Vecima Networks’ FY2022 earnings at $0.80 EPS.

Shares of Vecima Networks stock opened at C$11.24 on Thursday. Vecima Networks has a 52-week low of C$7.51 and a 52-week high of C$11.70. The stock has a market capitalization of $252.17 million and a price-to-earnings ratio of -2,248.00. The company has a fifty day moving average of C$10.48 and a 200-day moving average of C$10.12. The company has a debt-to-equity ratio of 3.78, a quick ratio of 2.69 and a current ratio of 3.44.

Vecima Networks (TSE:VCM) last announced its quarterly earnings data on Thursday, May 14th. The company reported C$0.03 earnings per share (EPS) for the quarter. The business had revenue of C$25.09 million during the quarter. On average, equities research analysts forecast that Vecima Networks will post 0.27 earnings per share for the current fiscal year.

About Vecima Networks

Vecima Networks Inc provides technology solutions that empower network service providers to connect people and enterprises to information and entertainment worldwide. Its products for the cable industry allow service providers a last mile solution for video and broadband access in business services market segment.

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