Haivision Systems (TSE:HAI) Hits New 52-Week Low - What's Next?

Key Points

• Haivision Systems hit a new 52-week low, falling to C$3.50 intraday and last trading at C$3.48, down 3.3% from its previous close.
• Canaccord Genuity downgraded the stock from “Buy” to “Hold” and reduced its price target from C$8.00 to C$4.00. The consensus rating is now “Hold,” with a C$4.00 target.
• The company reported a quarterly loss of C$0.08 per share on C$34.54 million in revenue, alongside negative net margin and return on equity.

Haivision Systems Inc. (TSE:HAI - Get Free Report) reached a new 52-week low during mid-day trading on Friday. The company traded as low as C$3.50 and last traded at C$3.48, with a volume of 4,760 shares changing hands. The stock had previously closed at C$3.61.

Analyst Upgrades and Downgrades

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

Haivision Systems Trading Down 3.3%

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 has a market capitalization of C$93.44 million, a price-to-earnings ratio of -116.33 and a beta of 1.18. The company's 50-day moving average is C$4.06 and its 200-day moving average is C$4.98.

Haivision Systems (TSE:HAI - Get Free Report) last announced its quarterly earnings results on Wednesday, September 9th. The company reported C($0.08) earnings per share (EPS) for the quarter. The firm had revenue of C$34.54 million for the quarter. Haivision Systems had a negative return on equity of 0.73% and a negative net margin of 0.48%. Research analysts anticipate that Haivision Systems Inc. will post 0.26 earnings per share 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.

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