Haivision Systems (TSE:HAI) Shares Down 2.8% – What’s Next?

Haivision Systems Inc. (TSE:HAI) shares fell 2.8% on Wednesday. The company traded as low as C$4.10 and last traded at C$4.16. 24,821 shares traded hands during trading, a decline of 62% from the average session volume of 66,183 shares. The stock had previously closed at C$4.28.

Analyst Ratings Changes

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

Haivision Systems Stock Performance

The company has a quick ratio of 0.85, a current ratio of 1.40 and a debt-to-equity ratio of 21.35. The stock’s 50 day moving average is C$4.18 and its two-hundred day moving average is C$5.24. The company has a market capitalization of C$107.63 million, a PE ratio of -134.00 and a beta of 1.18.

Haivision Systems (TSE:HAI) last issued its quarterly earnings data on Wednesday, September 9th. The company reported C($0.08) earnings per share (EPS) for the quarter. Haivision Systems had a negative net margin of 0.48% and a negative return on equity of 0.73%. The business had revenue of C$34.54 million for the quarter. As a group, sell-side analysts predict that Haivision Systems Inc. will post 0.2613948 EPS 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.