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Haivision Systems (TSE:HAI) Stock Price Up 10.9% - Here's What Happened

Haivision Systems logo with Computer and Technology background

Key Points

  • Haivision Systems Inc. shares saw a significant increase of 10.9% on Thursday, reaching a high of C$5.22 before closing at C$5.17.
  • Trading volume surged to approximately 152,862 shares, marking an increase of 416% compared to the average daily volume of 29,630 shares.
  • The company's market capitalization is currently C$143.02 million, with a PE ratio of -129.25 and a debt-to-equity ratio of 10.61.
  • MarketBeat previews top five stocks to own in November.

Haivision Systems Inc. (TSE:HAI - Get Free Report) rose 10.9% during trading on Thursday . The stock traded as high as C$5.22 and last traded at C$5.17. Approximately 152,862 shares traded hands during mid-day trading, an increase of 416% from the average daily volume of 29,630 shares. The stock had previously closed at C$4.66.

Wall Street Analyst Weigh In

HAI has been the subject of several recent analyst reports. Acumen Capital upgraded shares of Haivision Systems from a "hold" rating to a "buy" rating and upped their target price for the stock from C$5.00 to C$6.00 in a research report on Friday, September 12th. Cormark upped their target price on shares of Haivision Systems from C$5.85 to C$6.25 in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Haivision Systems currently has a consensus rating of "Moderate Buy" and an average price target of C$5.75.

Get Our Latest Report on HAI

Haivision Systems Stock Up 0.4%

The firm's fifty day moving average price is C$4.77 and its 200-day moving average price is C$4.53. The company has a debt-to-equity ratio of 10.61, a current ratio of 1.70 and a quick ratio of 0.85. The firm has a market capitalization of C$138.03 million, a P/E ratio of -101.00 and a beta of 0.64.

About Haivision Systems

(Get Free Report)

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.

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