Haivision Systems (TSE:HAI) Shares Down 0.9% – Here’s What Happened

Posted by Stephan Jacobs on Dec 12th, 2024

Haivision Systems Inc. (TSE:HAI – Get Free Report)’s share price was down 0.9% during mid-day trading on Wednesday . The company traded as low as C$5.46 and last traded at C$5.46. Approximately 16,260 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 38,419 shares. The stock had previously closed at C$5.51.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their target price on Haivision Systems from C$8.50 to C$7.00 and set a “buy” rating for the company in a report on Friday, September 13th.

Get Our Latest Analysis on HAI

Haivision Systems Price Performance

The business has a fifty day moving average price of C$4.95 and a 200 day moving average price of C$4.80. The company has a debt-to-equity ratio of 14.02, a current ratio of 1.72 and a quick ratio of 0.85. The company has a market capitalization of C$155.88 million, a price-to-earnings ratio of 30.33 and a beta of 0.58.

Haivision Systems (TSE:HAI – Get Free Report) last issued its quarterly earnings results on Wednesday, September 11th. The company reported C$0.01 EPS for the quarter. Haivision Systems had a net margin of 3.83% and a return on equity of 5.66%. The firm had revenue of C$30.65 million for the quarter. On average, research analysts expect that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal year.

About Haivision Systems

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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.