Vecima Networks (OTCMKTS:VNWTF) Trading 4.2% Higher – Still a Buy?
by Jessica Moore · The Cerbat GemVecima Networks Inc. (OTCMKTS:VNWTF – Get Free Report) shares traded up 4.2% during mid-day trading on Wednesday . The stock traded as high as $7.50 and last traded at $7.50. 300 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 679 shares. The stock had previously closed at $7.20.
Wall Street Analyst Weigh In
Separately, B. Riley reiterated a “buy” rating on shares of Vecima Networks in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.
Get Our Latest Stock Analysis on Vecima Networks
Vecima Networks Stock Performance
The stock’s 50 day simple moving average is $7.09 and its 200-day simple moving average is $7.26.
Vecima Networks Company Profile
Vecima Networks Inc, headquartered in Victoria, British Columbia, is a technology company specializing in network content delivery, broadband access and wireless video solutions. Since its incorporation in 1988, the company has developed hardware and software platforms that enable cable operators, broadband service providers and enterprise customers to deploy high-performance video streaming, data transport and content management services.
The company’s product portfolio spans three key business segments.