Harmonic Inc. (NASDAQ:HLIT) shares were down 1.8% during mid-day trading on Monday . The company traded as low as $4.32 and last traded at $4.37, with a volume of 73,595 shares trading hands. The stock had previously closed at $4.45.

A number of research analysts have recently issued reports on HLIT shares. Drexel Hamilton raised Harmonic from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Wednesday, August 10th. Zacks Investment Research raised Harmonic from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Monday, August 15th. Finally, Jefferies Group reissued a “hold” rating and issued a $3.50 target price on shares of Harmonic in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $4.81.

The firm’s market cap is $342.55 million. The firm has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.23.

Harmonic Inc (Harmonic) designs, manufactures and sells video infrastructure products and system solutions. The Company has two segments: Video and Cable Edge. Harmonic provides technical support and professional services to its customers around the world. The Video segment sells video processing and production, and playout solutions and services to broadcast and media companies, streaming media companies, cable operators, and satellite and telecommunications (telco), and pay television (TV) service providers.

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