Haivision Systems (TSE:HAI) Sets New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Haivision Systems presently has a consensus rating of “Buy” and an average target price of C$7.38.

Haivision Systems Price Performance

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

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