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

Shares of Haivision Systems Inc. (TSE:HAI) reached 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. The stock had previously closed at C$3.63.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group downgraded shares of Haivision Systems from a “buy” rating to a “hold” rating and cut 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, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$4.00.

Haivision Systems Trading Down 1.9%

The stock has a fifty day moving average of C$4.37 and a 200-day moving average of C$5.89. The company has a debt-to-equity ratio of 21.35, a quick ratio of 0.85 and a current ratio of 1.40. The company has a market cap of C$95.31 million, a PE ratio of -118.67 and a beta of 0.91.

Haivision Systems (TSE:HAI) last released its earnings results on Wednesday, September 9th. The company reported C($0.08) earnings per share for the quarter. Haivision Systems had a negative return on equity of 0.73% and a negative net margin of 0.48%.The business had revenue of C$34.54 million during the quarter. Sell-side analysts anticipate that Haivision Systems Inc. will post 0.2613948 EPS 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.