Haivision Systems (TSE:HAI) Stock Price Down 2.2% – Should You Sell?

Haivision Systems Inc. (TSE:HAI) shares fell 2.2% during trading on Wednesday . The company traded as low as C$5.87 and last traded at C$5.87. 26,784 shares changed hands during trading, a decline of 69% from the average session volume of 86,324 shares. The stock had previously closed at C$6.00.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped 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 research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$8.08.

Haivision Systems Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 12.71. The stock has a market cap of C$164.99 million, a price-to-earnings ratio of 200.00 and a beta of 0.81. The company’s 50-day moving average is C$7.16 and its 200-day moving average is C$6.90.

Haivision Systems (TSE:HAI) last posted its quarterly earnings results on Thursday, March 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. Haivision Systems had a return on equity of 1.08% and a net margin of 0.70%.The business had revenue of C$35.23 million during the quarter. Equities research analysts expect that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal year.

Haivision Systems Company Profile

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.