Harmonic Inc. (HLIT) Trading Up 1.9%
Harmonic Inc. (NASDAQ:HLIT) shares were up 1.9% during mid-day trading on Wednesday . The stock traded as high as $4.20 and last traded at $4.19, with a volume of 117,195 shares traded. The stock had previously closed at $4.11.
Several research analysts have issued reports on HLIT shares. Zacks Investment Research raised shares of Harmonic from a “hold” rating to a “buy” rating and set a $4.75 price objective on the stock in a research report on Monday. Jefferies Group restated a “hold” rating and issued a $3.50 target price on shares of Harmonic in a research note on Wednesday, August 10th. Finally, Drexel Hamilton restated a “hold” rating on shares of Harmonic in a research note on Tuesday, June 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Harmonic presently has an average rating of “Buy” and a consensus price target of $4.81.
The stock’s market capitalization is $326.17 million. The company has a 50 day moving average of $3.30 and a 200-day moving average of $3.17.
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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