Haivision Systems (TSE:HAI) Hits New 1-Year Low – Here’s What Happened

Haivision Systems Inc. (TSE:HAI)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as C$3.50 and last traded at C$3.48, with a volume of 4,760 shares. The stock had previously closed at C$3.61.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut Haivision Systems from a “buy” rating to a “hold” rating and lowered their target price for the company from C$8.00 to C$4.00 in a report on Friday, September 11th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Haivision Systems has a consensus rating of “Hold” and a consensus price target of C$4.00.

Haivision Systems Stock Down 3.3%

The firm has a market cap of C$93.44 million, a price-to-earnings ratio of -116.33 and a beta of 1.18. The firm’s 50 day moving average price is C$4.06 and its two-hundred day moving average price is C$4.98. The company has a debt-to-equity ratio of 21.35, a current ratio of 1.40 and a quick ratio of 0.85.

Haivision Systems (TSE:HAI) last announced its quarterly earnings results on Wednesday, September 9th. The company reported C($0.08) EPS for the quarter. The firm had revenue of C$34.54 million for the quarter. Haivision Systems had a negative return on equity of 0.73% and a negative net margin of 0.48%. As a group, sell-side analysts forecast that Haivision Systems Inc. will post 0.26 earnings per share for the current fiscal year.

About Haivision Systems

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.