Canaccord Genuity Group Downgrades Haivision Systems (TSE:HAI) to Hold

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 currently have a C$4.00 price target on the stock, down from their previous price target of C$8.00. Canaccord Genuity Group’s target price indicates a potential upside of 2.04% from the stock’s previous close.

Haivision Systems Price Performance

Shares of HAI traded down C$0.10 during mid-day trading on Friday, hitting C$3.92. 32,409 shares of the company traded hands, compared to its average volume of 68,569. Haivision Systems has a one year low of C$3.86 and a one year high of C$10.40. 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 business has a 50-day moving average of C$4.42 and a 200 day moving average of C$6.02. The stock has a market capitalization of C$107.60 million, a price-to-earnings ratio of 78.40 and a beta of 0.91.

Haivision Systems (TSE:HAI) last posted its quarterly earnings data on Wednesday, September 9th. The company reported C($0.08) earnings per share for the quarter. Haivision Systems had a return on equity of 1.68% and a net margin of 1.11%.The company had revenue of C$34.54 million during the quarter. As a group, equities analysts expect that Haivision Systems 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.