Haivision Systems (TSE:HAI) Raised to "Buy" at Acumen Capital

Key Points

• Haivision Systems has been upgraded from a "hold" to a "buy" rating by Acumen Capital, with a price target increasing from C$5.00 to C$6.00, indicating a potential upside of 20%.
• Cormark also raised its price target for Haivision Systems shares from C$5.85 to C$6.25, reflecting positive analyst sentiment towards the company.
• Despite the upgrades, Haivision's stock declined by 3.3% to C$5.00 during trading on Friday.

Haivision Systems (TSE:HAI - Get Free Report) was upgraded by equities researchers at Acumen Capital from a "hold" rating to a "buy" rating in a report released on Friday,BayStreet.CA reports. The brokerage currently has a C$6.00 price objective on the stock, up from their prior price objective of C$5.00. Acumen Capital's price target would indicate a potential upside of 20.00% from the company's current price.

Separately, Cormark raised their price target on shares of Haivision Systems from C$5.85 to C$6.25 in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$6.00.

Haivision Systems Stock Down 3.3%

TSE HAI traded down C$0.17 during trading on Friday, hitting C$5.00. The company's stock had a trading volume of 16,416 shares, compared to its average volume of 29,555. The company has a debt-to-equity ratio of 10.61, a current ratio of 1.70 and a quick ratio of 0.85. The business's 50 day simple moving average is C$4.78 and its 200-day simple moving average is C$4.52. The company has a market cap of C$138.32 million, a PE ratio of -125.00 and a beta of 0.64. Haivision Systems has a fifty-two week low of C$3.67 and a fifty-two week high of C$5.85.

About Haivision Systems

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services.

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