Haivision Systems (TSE:HAI) Downgraded to “Hold” Rating by Acumen Capital

Haivision Systems (TSE:HAI) was downgraded by investment analysts at Acumen Capital from a “buy” rating to a “hold” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$5.25 target price on the stock, down from their prior target price of C$7.00. Acumen Capital’s price target would indicate a potential upside of 15.13% from the company’s previous close.

Separately, Canaccord Genuity Group lowered shares of Haivision Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from C$7.00 to C$5.50 in a report on Thursday.

Haivision Systems Stock Down 14.9 %

Shares of Haivision Systems stock traded down C$0.80 during trading on Thursday, hitting C$4.56. The company’s stock had a trading volume of 513,506 shares, compared to its average volume of 78,952. Haivision Systems has a 52 week low of C$3.92 and a 52 week high of C$7.00. The company has a market capitalization of C$130.19 million, a PE ratio of 25.33 and a beta of 0.58. The company has a fifty day simple moving average of C$5.24 and a two-hundred day simple moving average of C$4.94. The company has a debt-to-equity ratio of 14.02, a quick ratio of 0.85 and a current ratio of 1.72.

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.