Haivision Systems (TSE:HAI) Issues Earnings Results

Haivision Systems (TSE:HAI) announced its quarterly earnings data on Wednesday. The company reported C($0.07) earnings per share (EPS) for the quarter, FiscalAI reports. Haivision Systems had a net margin of 0.70% and a return on equity of 1.08%. The firm had revenue of C$32.54 million during the quarter.

Haivision Systems Trading Down 2.7%

Shares of HAI stock traded down C$0.16 during trading hours on Wednesday, hitting C$5.87. 11,689 shares of the company’s stock traded hands, compared to its average volume of 81,513. The stock’s 50 day simple moving average is C$6.62 and its 200 day simple moving average is C$7.00. The stock has a market cap of C$161.41 million, a PE ratio of 195.67 and a beta of 0.76. Haivision Systems has a 12 month low of C$4.17 and a 12 month high of C$10.40. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 12.71.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on shares of Haivision Systems from C$8.00 to C$12.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Haivision Systems has an average rating of “Buy” and a consensus price target of C$8.08.

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.