Haivision Systems (TSE:HAI) Hits New 1-Year High – Time to Buy?

Haivision Systems Inc. (TSE:HAI)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$9.70 and last traded at C$9.66, with a volume of 146224 shares. The stock had previously closed at C$9.03.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their target price on Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Haivision Systems has a consensus rating of “Buy” and an average price target of C$7.38.

Haivision Systems Stock Performance

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 stock has a 50-day moving average price of C$6.74 and a 200-day moving average price of C$5.58. The firm has a market capitalization of C$262.41 million, a PE ratio of -139.60 and a beta of 0.85.

Haivision Systems (TSE:HAI) last issued its quarterly earnings results on Wednesday, January 14th. The company reported C$0.11 EPS for the quarter. Haivision Systems had a return on equity of 4.96% and a net margin of 3.63%. On average, research 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.