Haivision Systems (TSE:HAI) Sets New 1-Year Low – Here’s Why

Haivision Systems Inc. (TSE:HAI) shares hit a new 52-week low during trading on Wednesday . The company traded as low as C$3.55 and last traded at C$3.59, with a volume of 25831 shares trading hands. The stock had previously closed at C$3.63.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut shares of Haivision Systems from a “buy” rating to a “hold” rating and reduced their target price for the company from C$8.00 to C$4.00 in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$4.00.

Haivision Systems Trading Up 2.7%

The business has a 50-day moving average price of C$4.34 and a 200-day moving average price of C$5.81. The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 21.35. The firm has a market capitalization of C$100.93 million, a P/E ratio of -125.67 and a beta of 0.91.

Haivision Systems (TSE:HAI) last issued its earnings results on Wednesday, September 9th. The company reported C($0.08) 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 during the quarter. Analysts anticipate that Haivision Systems Inc. will post 0.2613948 earnings per share 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.