Haivision Systems (TSE:HAI) Earns Buy Rating from Canaccord Genuity

Haivision Systems (TSE:HAI)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a C$13.00 price objective on the stock. Canaccord Genuity’s price target suggests a potential upside of 52.58% from the company’s previous close.

Separately, Desjardins reissued a “buy” rating on shares of Haivision Systems in a report on Wednesday, June 9th.

TSE HAI traded down C$0.54 during trading on Wednesday, reaching C$8.52. 16,105 shares of the company traded hands, compared to its average volume of 57,165. The company has a debt-to-equity ratio of 8.26, a quick ratio of 3.12 and a current ratio of 3.45. The stock has a 50 day moving average price of C$8.90. The firm has a market capitalization of C$226.73 million and a P/E ratio of -27.21. Haivision Systems has a 1-year low of C$6.30 and a 1-year high of C$17.50.

About Haivision Systems

Haivision Systems Inc provides infrastructure solutions for the video streaming market, and servicing enterprises and governments worldwide. It offers cloud series products; video encoders and decoders; transcoders and gateways; players and set-top boxes; enterprise video and signage solutions; recording and low latency viewing products; and Haivision Media Platform, an enterprise video solution, which provides tools for securely distribute internet protocol television channels.

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