Haivision Systems (TSE:HAI) Downgraded to “Hold” Rating by Canaccord Genuity Group

Haivision Systems (TSE:HAI) was downgraded by equities research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Friday, BayStreet reports. They presently have a C$4.00 target price on the stock, down from their prior target price of C$8.00. Canaccord Genuity Group’s price target indicates a potential upside of 2.04% from the stock’s previous close.

Haivision Systems Trading Down 2.5%

Shares of HAI traded down C$0.10 on Friday, reaching C$3.92. 32,409 shares of the company’s stock were exchanged, compared to its average volume of 68,569. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 11.59. The stock has a market capitalization of C$107.60 million, a P/E ratio of 78.40 and a beta of 0.91. The business has a 50 day moving average price of C$4.42 and a two-hundred day moving average price of C$6.02. Haivision Systems has a 12 month low of C$3.86 and a 12 month high of C$10.40.

Haivision Systems (TSE:HAI) last announced its quarterly earnings data on Wednesday, September 9th. The company reported C($0.08) earnings per share (EPS) for the quarter. Haivision Systems had a net margin of 1.11% and a return on equity of 1.68%. The business had revenue of C$34.54 million during the quarter. Research analysts anticipate that Haivision Systems will post 0.2613948 earnings per share 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.