Haivision Systems (TSE:HAI) Shares Up 0.9% - Here's Why

Key Points

• Haivision Systems shares rose 0.9%, trading between C$4.65 and C$4.77, but experienced significantly lower trading volume, down by 95% from the average.
• Cormark has upgraded Haivision Systems to a "moderate buy" rating, with a consensus price target of C$5.75 from analysts rating the stock.
• The company specializes in infrastructure solutions for video streaming, offering services to enterprises and governments worldwide, emphasizing low latency and secure video delivery.

Shares of Haivision Systems Inc. (TSE:HAI - Get Free Report) rose 0.9% during mid-day trading on Wednesday . The company traded as high as C$4.77 and last traded at C$4.65. Approximately 1,510 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 30,424 shares. The stock had previously closed at C$4.61.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Haivision Systems to a "moderate buy" rating in a research note on Tuesday, May 6th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Haivision Systems has a consensus rating of "Moderate Buy" and an average target price of C$5.75.

Haivision Systems Trading Down 3.2%

The business's 50 day moving average is C$4.79 and its two-hundred day moving average is C$4.54. 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 firm has a market capitalization of C$128.94 million, a P/E ratio of 28.21 and a beta of 0.58.

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.