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

Haivision Systems Inc. (TSE:HAI)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$3.85 and last traded at C$4.22, with a volume of 128727 shares. The stock had previously closed at C$4.21.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Acumen Capital cut Haivision Systems from a “buy” rating to a “hold” rating and lowered their price target for the company from C$7.00 to C$5.25 in a research report on Thursday, January 16th. Canaccord Genuity Group downgraded shares of Haivision Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$7.00 to C$5.50 in a research report on Thursday, January 16th.

Haivision Systems Stock Performance

The stock has a market cap of C$123.84 million, a price-to-earnings ratio of 27.09 and a beta of 0.58. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 10.61. The firm has a fifty day simple moving average of C$4.94 and a 200-day simple moving average of C$5.12.

Insider Transactions at Haivision Systems

In related news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 20th. The shares were sold at an average price of C$4.80, for a total transaction of C$38,400.00. 40.74% of the stock is currently owned by corporate insiders.

Haivision Systems Company Profile

Haivision Systems Inc provides mission-critical, real-time video networking, and visual collaboration solutions in Canada, the United States, and internationally. The company offers Makito Series video encoders and decoders for end-to-end transport of secure and high-quality HD video; video transmitters and mobile encoders for video contribution over bonded unmanaged IP networks; Command 360, a software platform for real-time visualization of business-critical information; Haivision Kraken, a video transcoder for mission-critical ISR, situational awareness, and field monitoring applications; Haivision Hub for Government, a video network service for live and low latency video streaming between government agencies and public cloud delivery services; and Haivision Media Platform that manages, shares, and delivers secure corporate communications, real-time video feeds, and broadcast IPTV.