Haivision Systems (TSE:HAI) Trading Up 11.8% – Here’s Why

Shares of Haivision Systems Inc. (TSE:HAI) traded up 11.8% during trading on Thursday . The stock traded as high as C$7.00 and last traded at C$6.36. 91,658 shares changed hands during mid-day trading, an increase of 336% from the average session volume of 21,006 shares. The stock had previously closed at C$5.69.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised shares of Haivision Systems from a “hold” rating to a “moderate buy” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$5.83.

Haivision Systems Trading Up 4.2%

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 company has a 50-day moving average price of C$5.34 and a 200-day moving average price of C$5.06. The company has a market capitalization of C$183.12 million, a price-to-earnings ratio of -134.00 and a beta of 0.55.

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