Haivision Systems (TSE:HAI) Hits New 1-Year High After Analyst Upgrade

Haivision Systems Inc. (TSE:HAI) shares hit a new 52-week high on Monday after Canaccord Genuity Group upgraded the stock from a hold rating to a moderate buy rating. The stock traded as high as C$7.11 and last traded at C$6.87, with a volume of 44615 shares trading hands. The stock had previously closed at C$6.70.

Haivision Systems Stock Performance

The firm’s 50 day moving average is C$5.34 and its 200-day moving average is C$5.06. The stock has a market capitalization of C$188.04 million, a price-to-earnings ratio of -137.60 and a beta of 0.55. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.85 and a current ratio of 1.70.

Haivision Systems (TSE:HAI) last released its quarterly earnings data on Wednesday, September 10th. The company reported C$0.01 earnings per share for the quarter. Haivision Systems had a net margin of 3.63% and a return on equity of 4.96%. The company had revenue of C$35.02 million during the quarter. Analysts forecast that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal year.

About Haivision Systems

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.