Haivision Systems (TSE:HAI) Upgraded 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.

Acumen Capital upgraded shares of Haivision Systems (TSE:HAI - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have C$6.00 price target on the stock, up from their prior price target of C$5.00.

Separately, Cormark increased their price target on shares of Haivision Systems from C$5.85 to C$6.25 in a report on Friday, September 12th. Two 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.75.

Haivision Systems Price Performance

TSE:HAI traded up C$0.02 during midday trading on Friday, hitting C$5.05. The company had a trading volume of 6,672 shares, compared to its average volume of 29,281. The company has a market capitalization of C$138.03 million, a PE ratio of -101.00 and a beta of 0.64. The stock's fifty day moving average price is C$4.77 and its 200-day moving average price is C$4.53. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 10.61. Haivision Systems has a 52-week low of C$3.67 and a 52-week high of C$5.84.

Haivision Systems Company Profile

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.