Haivision Systems (TSE:HAI) Sets New 1-Year High – Here’s Why

Haivision Systems Inc. (TSE:HAI)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$7.65 and last traded at C$7.50, with a volume of 41449 shares changing hands. The stock had previously closed at C$7.49.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upgraded shares of Haivision Systems from a “hold” rating to a “moderate buy” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Haivision Systems presently has a consensus rating of “Buy” and an average price target of C$5.83.

Haivision Systems Stock Up 3.2%

The firm has a market cap of C$210.20 million, a price-to-earnings ratio of -139.60 and a beta of 0.55. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 10.61. The firm has a fifty day moving average price of C$5.56 and a 200-day moving average price of C$5.13.

Haivision Systems (TSE:HAI) last released its earnings results on Wednesday, September 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$35.02 million during the quarter. Haivision Systems had a net margin of 3.63% and a return on equity of 4.96%. As a group, sell-side analysts forecast that Haivision Systems Inc. will post 0.2613948 EPS for the current year.

About Haivision Systems

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services. Its geographical segments are Canada, International, and the United States, of which the majority of its revenue comes from the United States.