Haivision Systems (TSE:HAI) Stock Price Up 1.6% - Time to Buy?

Key Points

• Haivision Systems Inc. (TSE:HAI) shares experienced a 1.6% increase on Friday, trading around C$5.11 after previously closing at C$5.03.
• Analysts have recently raised their price targets, with Cormark setting a new target of C$6.25 and Acumen Capital upgrading their price objective to C$6.00.
• The company has an average rating of "Moderate Buy" with a consensus target price of C$5.75 based on assessments from several research analysts.

Shares of Haivision Systems Inc. (TSE:HAI - Get Free Report) rose 1.6% on Friday . The company traded as high as C$5.15 and last traded at C$5.11. Approximately 21,236 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 27,862 shares. The stock had previously closed at C$5.03.

Analysts Set New Price Targets

HAI has been the topic of a number of research reports. Cormark raised their price objective on Haivision Systems from C$5.85 to C$6.25 in a report on Friday, September 12th. Acumen Capital upgraded Haivision Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from C$5.00 to C$6.00 in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$5.75.

Haivision Systems Stock Performance

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 firm has a fifty day moving average price of C$4.82 and a 200 day moving average price of C$4.57. The firm has a market cap of C$139.67 million, a PE ratio of -102.20 and a beta of 0.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.