Haivision Systems (TSE:HAI) Rating Increased to Moderate Buy at Canaccord Genuity Group

Canaccord Genuity Group upgraded shares of Haivision Systems (TSE:HAI) from a hold rating to a moderate buy rating in a research note released on Friday,Zacks.com reports.

Haivision Systems Price Performance

Haivision Systems stock opened at C$6.70 on Friday. The firm has a fifty day moving average of C$5.34 and a 200-day moving average of C$5.06. Haivision Systems has a 52-week low of C$3.67 and a 52-week high of C$7.00. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 10.61. The firm has a market capitalization of C$183.12 million, a P/E ratio of -134.00 and a beta of 0.55.

Haivision Systems (TSE:HAI) last announced its quarterly earnings results on Wednesday, September 10th. The company reported C$0.01 earnings per share for the quarter. Haivision Systems had a net margin of 3.63% and a return on equity of 4.96%. The firm had revenue of C$35.02 million during the quarter. As a group, analysts predict that Haivision Systems will post 0.2613948 EPS for the current year.

About Haivision Systems

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services. Its geographical segments are Canada, International, and the United States, of which the majority of its revenue comes from the United States.