Haivision Systems (TSE:HAI) Stock Rating Lowered by Acumen Capital

Haivision Systems (TSE:HAI) was downgraded by analysts at Acumen Capital from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$5.25 price objective on the stock, down from their previous price objective of C$7.00. Acumen Capital’s price target would suggest a potential upside of 6.71% from the company’s previous close.

Separately, Canaccord Genuity Group cut Haivision Systems from a “buy” rating to a “hold” rating and cut their target price for the stock from C$7.00 to C$5.50 in a research report on Thursday.

Haivision Systems Stock Up 4.7 %

Shares of TSE:HAI opened at C$4.92 on Thursday. The company has a current ratio of 1.72, a quick ratio of 0.85 and a debt-to-equity ratio of 14.02. The firm has a 50 day simple moving average of C$5.23 and a 200-day simple moving average of C$4.95. The company has a market capitalization of C$140.47 million, a PE ratio of 27.33 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.

Haivision Systems Company Profile

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.