Harmonic Inc. (HLIT) Trading 6.2% Higher
Harmonic Inc. (NASDAQ:HLIT)’s share price traded up 6.2% during mid-day trading on Thursday . The stock traded as high as $4.46 and last traded at $4.45, with a volume of 268,681 shares trading hands. The stock had previously closed at $4.19.
Several equities analysts recently issued reports on the company. Drexel Hamilton reiterated a “hold” rating on shares of Harmonic in a research report on Tuesday, May 10th. Zacks Investment Research upgraded Harmonic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $3.50 price objective on shares of Harmonic in a research report on Wednesday, August 10th. One equities 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. The company has an average rating of “Buy” and an average price target of $4.81.
The company’s 50 day moving average is $3.53 and its 200-day moving average is $3.22. The stock’s market cap is $347.23 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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