Vecima Networks (OTCMKTS:VNWTF) Stock Price Down 5.9% – What’s Next?

by · The Cerbat Gem

Vecima Networks Inc. (OTCMKTS:VNWTF – Get Free Report) traded down 5.9% on Friday . The company traded as low as $6.59 and last traded at $6.59. 300 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 700 shares. The stock had previously closed at $7.00.

Analyst Upgrades and Downgrades

Separately, B. Riley restated 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

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Vecima Networks Price Performance

The firm has a fifty day moving average price of $7.28 and a 200 day moving average price of $7.28.

Vecima Networks Company Profile

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Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.

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