Haivision Systems (TSE:HAI) Stock Rating Lowered by Canaccord Genuity Group

Haivision Systems (TSE:HAI) was downgraded by research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report released on Thursday,BayStreet.CA reports. They currently have a C$5.50 target price on the stock, down from their previous target price of C$7.00. Canaccord Genuity Group’s price objective indicates a potential upside of 20.61% from the stock’s previous close.

Haivision Systems Stock Down 14.9 %

Shares of HAI traded down C$0.80 during trading hours on Thursday, reaching C$4.56. 513,506 shares of the stock traded hands, compared to its average volume of 78,952. Haivision Systems has a 52 week low of C$3.92 and a 52 week high of C$7.00. The company has a current ratio of 1.72, a quick ratio of 0.85 and a debt-to-equity ratio of 14.02. The stock has a fifty day simple moving average of C$5.24 and a 200 day simple moving average of C$4.94. The company has a market cap of C$130.19 million, a price-to-earnings ratio of 25.33 and a beta of 0.58.

Haivision Systems Company Profile

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.