Haivision Systems (TSE:HAI) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Haivision Systems (TSE:HAI) from a buy rating to a hold rating in a research report report published on Thursday morning,BayStreet.CA reports. They currently have C$5.50 target price on the stock, down from their previous target price of C$7.00.

Haivision Systems Trading Down 12.3 %

TSE HAI opened at C$4.70 on Thursday. The company has a market cap of C$134.19 million, a price-to-earnings ratio of 26.11 and a beta of 0.58. Haivision Systems has a twelve month low of C$3.92 and a twelve month 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 business’s fifty day moving average is C$5.24 and its 200 day moving average is C$4.94.

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.