Haivision Systems (TSE:HAI) Trading Up 6.9% - Here's What Happened

Key Points

• Shares rose 6.9% intraday to C$6.98 (peaking at C$7.50) on Tuesday, with volume ~132,857 shares, a 62% increase above the average daily volume.
• Canaccord Genuity upgraded Haivision, raising its target from C$8.00 to C$12.00 and issuing a "buy" rating; the stock's consensus remains a Buy with a mean price target of C$8.08.
• Fundamentals show a market cap of C$191.94M and a high P/E of 232.67; the company reported C($0.01) EPS last quarter on C$35.23M revenue, while analysts forecast about C$0.26 EPS for the current year.

Haivision Systems Inc. (TSE:HAI - Get Free Report) shares were up 6.9% on Tuesday . The company traded as high as C$7.50 and last traded at C$6.98. Approximately 132,857 shares were traded during mid-day trading, an increase of 62% from the average daily volume of 82,058 shares. The stock had previously closed at C$6.53.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their target price on Haivision Systems from C$8.00 to C$12.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Haivision Systems currently has a consensus rating of "Buy" and a consensus price target of C$8.08.

Haivision Systems Stock Up 6.9%

The business has a fifty day moving average of C$8.23 and a 200 day moving average of C$6.77. The stock has a market cap of C$191.94 million, a price-to-earnings ratio of 232.67 and a beta of 0.87. The company has a debt-to-equity ratio of 12.71, a current ratio of 1.57 and a quick ratio of 0.85.

Haivision Systems (TSE:HAI - Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. Haivision Systems had a return on equity of 1.08% and a net margin of 0.70%.The firm had revenue of C$35.23 million during the quarter. On average, equities analysts predict that Haivision Systems Inc. will post 0.2613948 earnings per share for the current year.

About Haivision Systems

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.

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