Haivision Systems (TSE:HAI) Trading Down 12.2% – Here’s What Happened

Shares of Haivision Systems Inc. (TSE:HAI) fell 12.2% during mid-day trading on Friday . The stock traded as low as C$7.82 and last traded at C$8.47. 189,182 shares changed hands during trading, an increase of 117% from the average session volume of 87,050 shares. The stock had previously closed at C$9.65.

Analyst Upgrades and Downgrades

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

Haivision Systems Stock Performance

The business has a fifty day simple moving average of C$8.23 and a two-hundred day simple moving average of C$6.17. The company has a quick ratio of 0.85, a current ratio of 1.55 and a debt-to-equity ratio of 10.23. The company has a market cap of C$221.89 million, a P/E ratio of -139.60 and a beta of 0.43.

Haivision Systems (TSE:HAI) last announced its earnings results on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$35.23 million for the quarter. Haivision Systems had a net margin of 0.08% and a return on equity of 0.12%. On average, sell-side analysts anticipate that Haivision Systems Inc. will post 0.2613948 EPS for the current year.

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.