Canaccord Genuity Group Downgrades Haivision Systems (TSE:HAI) to Hold

Haivision Systems (TSE:HAI) was downgraded by equities researchers at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a research note issued on Thursday,BayStreet.CA reports. They currently have a C$5.50 target price on the stock, down from their previous target price of C$7.00. Canaccord Genuity Group’s target price indicates a potential upside of 11.79% from the stock’s previous close.

Haivision Systems Price Performance

Shares of TSE:HAI opened at C$4.92 on Thursday. Haivision Systems has a 1-year low of C$3.92 and a 1-year high of C$7.00. The company has a market capitalization of C$140.47 million, a PE ratio of 27.33 and a beta of 0.58. The business has a fifty day moving average price of C$5.23 and a 200-day moving average price of C$4.95. The company has a debt-to-equity ratio of 14.02, a current ratio of 1.72 and a quick ratio of 0.85.

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.