Haivision Systems (TSE:HAI) Reaches New 1-Year High – Here’s What Happened

Haivision Systems Inc. (TSE:HAI) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$10.40 and last traded at C$10.39, with a volume of 38096 shares trading hands. The stock had previously closed at C$10.09.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their target price on Haivision Systems from C$8.00 to C$12.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$7.38.

Haivision Systems Stock Up 3.0%

The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.85 and a current ratio of 1.55. The firm’s fifty day simple moving average is C$8.04 and its 200 day simple moving average is C$6.12. The stock has a market capitalization of C$282.54 million, a price-to-earnings ratio of -139.60 and a beta of 0.43.

Haivision Systems (TSE:HAI) last released its quarterly earnings results on Wednesday, January 14th. The company reported C$0.11 earnings per share for the quarter. Haivision Systems had a net margin of 0.08% and a return on equity of 0.12%. On average, sell-side analysts forecast that Haivision Systems Inc. will post 0.2613948 earnings per share for the current year.

Haivision Systems Company Profile

Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption.