Haivision Systems (TSE:HAI) Hits New 1-Year Low – What’s Next?

Haivision Systems Inc. (TSE:HAI)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$3.55 and last traded at C$3.59, with a volume of 25831 shares traded. The stock had previously closed at C$3.63.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered Haivision Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from C$8.00 to C$4.00 in a report on Friday, September 11th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$4.00.

Haivision Systems Price Performance

The firm has a fifty day moving average of C$4.37 and a two-hundred day moving average of C$5.89. The stock has a market capitalization of C$95.31 million, a P/E ratio of -118.67 and a beta of 0.91. The company has a debt-to-equity ratio of 21.35, a current ratio of 1.40 and a quick ratio of 0.85.

Haivision Systems (TSE:HAI) last issued its earnings results on Wednesday, September 9th. The company reported C($0.08) earnings per share (EPS) for the quarter. The business had revenue of C$34.54 million for the quarter. Haivision Systems had a negative return on equity of 0.73% and a negative net margin of 0.48%. On average, analysts predict 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.