Haivision Systems (TSE:HAI) Stock Price Down 12.2% – Here’s Why

Haivision Systems Inc. (TSE:HAI)’s share price was down 12.2% during mid-day trading on Friday . The company traded as low as C$7.82 and last traded at C$8.47. Approximately 189,182 shares traded hands during mid-day trading, an increase of 117% from the average daily volume of 87,050 shares. The stock had previously closed at C$9.65.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their target price on shares of Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$7.38.

Haivision Systems Price Performance

The company has a current ratio of 1.55, a quick ratio of 0.85 and a debt-to-equity ratio of 10.23. The business’s 50 day moving average price is C$8.23 and its two-hundred day moving average price is C$6.17. The stock 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 issued its quarterly earnings data on Thursday, March 12th. The company reported C($0.01) EPS for the quarter. 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. As a group, sell-side analysts expect that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal 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.