Haivision Systems (TSE:HAI) Issues Earnings Results

Haivision Systems (TSE:HAI) announced its quarterly earnings results on Thursday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. Haivision Systems had a return on equity of 0.12% and a net margin of 0.08%.The company had revenue of C$35.23 million during the quarter.

Haivision Systems Stock Down 7.2%

Haivision Systems stock opened at C$9.65 on Friday. Haivision Systems has a 52-week low of C$3.67 and a 52-week high of C$10.40. The firm has a market cap of C$262.41 million, a price-to-earnings ratio of -139.60 and a beta of 0.43. The company has a debt-to-equity ratio of 10.23, a quick ratio of 0.85 and a current ratio of 1.55. The firm has a 50 day moving average price of C$8.23 and a two-hundred day moving average price of C$6.17.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Haivision Systems presently has a consensus rating of “Buy” and a consensus price target of C$7.38.

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.