Haivision Systems (TSE:HAI) Sets New 1-Year High Following Analyst Upgrade

Haivision Systems Inc. (TSE:HAI)’s share price hit a new 52-week high on Monday after Canaccord Genuity Group upgraded the stock from a hold rating to a moderate buy rating. The company traded as high as C$7.11 and last traded at C$6.87, with a volume of 44615 shares changing hands. The stock had previously closed at C$6.70.

Haivision Systems Stock Up 4.2%

The business has a 50-day moving average price of C$5.38 and a 200 day moving average price of C$5.07. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 10.61. The stock has a market capitalization of C$190.53 million, a P/E ratio of -139.60 and a beta of 0.55.

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

Haivision Systems Company Profile

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.