Haivision Systems (TSE:HAI) Sets New 52-Week Low – What’s Next?

Haivision Systems Inc. (TSE:HAI) shares reached a new 52-week low on Friday. The stock traded as low as C$3.50 and last traded at C$3.48, with a volume of 4,760 shares. The stock had previously closed at C$3.61.

Analyst Ratings Changes

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

Haivision Systems Stock Down 4.7%

The firm’s 50 day moving average price is C$4.04 and its two-hundred day moving average price is C$4.97. The company has a market cap of C$92.10 million, a P/E ratio of -114.67 and a beta of 1.18. The company has a debt-to-equity ratio of 21.35, a quick ratio of 0.85 and a current ratio of 1.40.

Haivision Systems (TSE:HAI) last issued its earnings results on Wednesday, September 9th. The company reported C($0.08) earnings per share (EPS) for the quarter. The company had revenue of C$34.54 million for the quarter. Haivision Systems had a negative return on equity of 0.73% and a negative net margin of 0.48%. Equities research analysts anticipate that Haivision Systems Inc. will post 0.26 EPS for the current fiscal 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.