Haivision Systems (TSE:HAI) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Haivision Systems (TSE:HAI) from a buy rating to a hold rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage currently has C$4.00 target price on the stock, down from their prior target price of C$8.00.

Haivision Systems Stock Down 3.5%

HAI stock opened at C$3.88 on Friday. Haivision Systems has a one year low of C$3.86 and a one year high of C$10.40. 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 firm’s fifty day moving average is C$4.40 and its 200 day moving average is C$5.98. The firm has a market cap of C$103.88 million, a PE ratio of -129.33 and a beta of 0.91.

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