Haivision Systems (TSE:HAI) Trading Down 2.2% – Here’s Why

Shares of Haivision Systems Inc. (TSE:HAI) traded down 2.2% during trading on Wednesday . The stock traded as low as C$5.87 and last traded at C$5.87. 26,784 shares were traded during trading, a decline of 69% from the average session volume of 86,324 shares. The stock had previously closed at C$6.00.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price target on shares of Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Haivision Systems presently has an average rating of “Buy” and an average price target of C$8.08.

Haivision Systems Price Performance

The company has a debt-to-equity ratio of 12.71, a current ratio of 1.57 and a quick ratio of 0.85. The stock has a market capitalization of C$161.41 million, a PE ratio of 195.67 and a beta of 0.81. The firm’s 50 day simple moving average is C$7.24 and its 200 day simple moving average is C$6.89.

Haivision Systems (TSE:HAI) last issued its earnings results on Thursday, March 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Haivision Systems had a return on equity of 1.08% and a net margin of 0.70%.The firm had revenue of C$35.23 million during the quarter. As a group, equities analysts forecast that Haivision Systems Inc. will post 0.2613948 EPS for the current fiscal year.

Haivision Systems Company Profile

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.