Haivision Systems (TSE:HAI) Trading 1% Higher – Here’s What Happened

Haivision Systems Inc. (TSE:HAI)’s share price rose 1% on Tuesday . The stock traded as high as C$5.18 and last traded at C$5.18. Approximately 13,170 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 39,767 shares. The stock had previously closed at C$5.13.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their target price on Haivision Systems from C$8.50 to C$7.00 and set a “buy” rating on the stock in a report on Friday, September 13th.

Haivision Systems Stock Performance

The company has a market capitalization of C$143.04 million, a P/E ratio of 27.83 and a beta of 0.58. The stock’s 50-day moving average price is C$5.05 and its 200-day moving average price is C$4.75. The company has a current ratio of 1.72, a quick ratio of 0.85 and a debt-to-equity ratio of 14.02.

Haivision Systems (TSE:HAI) last issued its quarterly earnings data on Wednesday, September 11th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$30.65 million during the quarter. Haivision Systems had a return on equity of 5.66% and a net margin of 3.83%. As a group, equities analysts expect that Haivision Systems Inc. will post 0.2613948 EPS for the current year.

Haivision Systems Company Profile

Haivision Systems Inc provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Makito Series video encoders and decoders for end-to-end transport of secure and high-quality HD video; video transmitters and mobile encoders for video contribution over bonded unmanaged IP networks; Command 360, a software platform for real-time visualization of business-critical information; Haivision Kraken, a video transcoder for mission-critical ISR, situational awareness, and field monitoring applications; Haivision Hub for Government, a video network service for live and low latency video streaming between government agencies and public cloud delivery services; and Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV.