Haivision Systems (TSE:HAI) Shares Up 1.3% – Still a Buy?

Shares of Haivision Systems Inc. (TSE:HAI) were up 1.3% during trading on Thursday . The company traded as high as C$5.45 and last traded at C$5.45. Approximately 22,386 shares were traded during trading, a decline of 16% from the average daily volume of 26,764 shares. The stock had previously closed at C$5.38.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HAI. Cormark lifted their price target on shares of Haivision Systems from C$5.85 to C$6.25 in a research note on Friday, September 12th. Acumen Capital upgraded Haivision Systems from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$5.00 to C$6.00 in a research note on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$5.75.

Haivision Systems Trading Up 1.8%

The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.85 and a current ratio of 1.70. The company has a market capitalization of C$151.69 million, a PE ratio of -111.00 and a beta of 0.55. The stock has a fifty day moving average of C$5.11 and a 200 day moving average of C$4.90.

Haivision Systems (TSE:HAI) last announced its quarterly earnings data on Wednesday, September 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. Haivision Systems had a net margin of 3.63% and a return on equity of 4.96%. The business had revenue of C$35.02 million during the quarter. As a group, sell-side analysts predict that Haivision Systems Inc. will post 0.2613948 earnings per share 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.