Haivision Systems (TSE:HAI) Trading Down 2.2% – Here’s Why

Haivision Systems Inc. (TSE:HAIGet Free Report)’s share price fell 2.2% during mid-day trading on Wednesday . The stock traded as low as C$5.87 and last traded at C$5.87. 26,784 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 86,324 shares. The stock had previously closed at C$6.00.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their target price on shares of Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$8.08.

Read Our Latest Analysis on Haivision Systems

Haivision Systems Trading Down 2.2%

The firm has a market cap of C$161.41 million, a P/E ratio of 195.67 and a beta of 0.81. The firm’s fifty day moving average is C$7.24 and its two-hundred day moving average is C$6.89. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 12.71.

Haivision Systems (TSE:HAIGet Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$35.23 million during the quarter. Haivision Systems had a net margin of 0.70% and a return on equity of 1.08%. Analysts predict that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal year.

Haivision Systems Company Profile

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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.

Further Reading

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