Haivision Systems (TSE:HAI) Cut to Hold at Canaccord Genuity Group

Haivision Systems (TSE:HAI) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$5.50 price objective on the stock, down from their prior price objective of C$7.00. Canaccord Genuity Group’s price objective suggests a potential upside of 20.61% from the stock’s current price.

Haivision Systems Trading Down 14.9 %

Shares of TSE:HAI traded down C$0.80 on Thursday, hitting C$4.56. The company had a trading volume of 513,506 shares, compared to its average volume of 78,952. Haivision Systems has a 1 year low of C$3.92 and a 1 year high of C$7.00. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 14.02. The firm’s 50-day simple moving average is C$5.24 and its two-hundred day simple moving average is C$4.94. The firm has a market capitalization of C$130.19 million, a price-to-earnings ratio of 25.33 and a beta of 0.58.

About Haivision Systems

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.