Haivision Systems (TSE:HAI) Shares Up 1% - Here's What Happened

Shares of Haivision Systems Inc. (TSE:HAI - Get Free Report) shot up 1% during mid-day trading on Tuesday . The stock traded as high as C$5.18 and last traded at C$5.18. 13,170 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 39,767 shares. The stock had previously closed at C$5.13.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group dropped their price objective on Haivision Systems from C$8.50 to C$7.00 and set a "buy" rating on the stock in a research note on Friday, September 13th.

Haivision Systems Trading Down 1.5 %

The stock has a market cap of C$145.61 million, a price-to-earnings ratio of 28.33 and a beta of 0.58. The business's 50 day simple moving average is C$5.08 and its 200 day simple moving average is C$4.75. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 14.02.

Haivision Systems (TSE:HAI - Get Free Report) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$0.01 earnings per share for the quarter. Haivision Systems had a return on equity of 5.66% and a net margin of 3.83%. The business had revenue of C$30.65 million for the quarter. 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 provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Makito Series video encoders and decoders for end-to-end transport of secure and high-quality HD video; video transmitters and mobile encoders for video contribution over bonded unmanaged IP networks; Command 360, a software platform for real-time visualization of business-critical information; Haivision Kraken, a video transcoder for mission-critical ISR, situational awareness, and field monitoring applications; Haivision Hub for Government, a video network service for live and low latency video streaming between government agencies and public cloud delivery services; and Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV.