Paradigm Capital Cuts Haivision Systems (TSE:HAI) Price Target to C$5.25

Haivision Systems (TSE:HAI) had its target price cut by Paradigm Capital from C$5.75 to C$5.25 in a research report sent to investors on Monday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on HAI. Acumen Capital cut Haivision Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$7.00 to C$5.25 in a research report on Thursday, January 16th. Canaccord Genuity Group cut Haivision Systems from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$7.00 to C$5.50 in a research report on Thursday, January 16th.

Haivision Systems Stock Down 0.9 %

HAI stock opened at C$4.60 on Monday. The company has a debt-to-equity ratio of 10.61, a current ratio of 1.70 and a quick ratio of 0.85. The stock has a market capitalization of C$130.35 million, a P/E ratio of 28.52 and a beta of 0.58. The business has a 50-day moving average of C$4.88 and a 200-day moving average of C$5.10. Haivision Systems has a fifty-two week low of C$3.85 and a fifty-two week high of C$7.00.

Insider Buying and Selling

In related news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the company’s stock in a transaction dated Monday, January 20th. The stock was sold at an average price of C$4.80, for a total transaction of C$38,400.00. 40.74% of the stock is currently owned by corporate insiders.

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.