Haivision Systems (TSE:HAI) Hits New 1-Year Low – Time to Sell?

Shares of Haivision Systems Inc. (TSE:HAI) reached a new 52-week low during trading on Thursday . The stock traded as low as C$3.91 and last traded at C$4.09, with a volume of 75161 shares changing hands. The stock had previously closed at C$4.23.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut shares of Haivision Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$8.00 to C$4.00 in a research note on Friday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Haivision Systems presently has a consensus rating of “Hold” and a consensus target price of C$4.00.

Haivision Systems Price Performance

The company has a debt-to-equity ratio of 21.35, a current ratio of 1.40 and a quick ratio of 0.85. The company’s 50 day moving average is C$4.40 and its 200 day moving average is C$6.00. The stock has a market cap of C$103.88 million, a price-to-earnings ratio of -129.33 and a beta of 0.91.

Haivision Systems (TSE:HAI) last released its quarterly earnings data on Wednesday, September 9th. The company reported C($0.08) earnings per share for the quarter. The firm had revenue of C$34.54 million during the quarter. Haivision Systems had a negative net margin of 0.48% and a negative return on equity of 0.73%. Research analysts forecast that Haivision Systems Inc. will post 0.2613948 earnings per share for the current fiscal year.

Haivision Systems Company Profile

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.