Harmonic Inc. (HLIT) Sees Strong Trading Volume
Shares of Harmonic Inc. (NASDAQ:HLIT) saw strong trading volume on Friday . 1,783,693 shares were traded during trading, an increase of 225% from the previous session’s volume of 548,069 shares.The stock last traded at $5.01 and had previously closed at $4.45.
A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of Harmonic from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. Zacks Investment Research upgraded shares of Harmonic from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a report on Monday, August 15th. Jefferies Group restated a “hold” rating and set a $3.50 price target on shares of Harmonic in a report on Wednesday, August 10th. Finally, Drexel Hamilton upgraded shares of Harmonic from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a report on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $4.81.
The firm’s 50 day moving average is $3.69 and its 200-day moving average is $3.25. The company’s market capitalization is $397.95 million.
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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