Canaccord Genuity Group Cuts Haivision Systems (TSE:HAI) Price Target to C$7.00

Haivision Systems (TSE:HAI) had its target price reduced by Canaccord Genuity Group from C$8.50 to C$7.00 in a research note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Acumen Capital cut their price objective on Haivision Systems from C$8.00 to C$7.60 and set a buy rating on the stock in a research report on Thursday, June 13th.

Haivision Systems Stock Performance

The firm has a fifty day moving average price of C$4.82 and a two-hundred day moving average price of C$4.74. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 12.44. Haivision Systems has a fifty-two week low of C$3.31 and a fifty-two week high of C$7.00. The firm has a market capitalization of C$169.47 million, a PE ratio of 44.46 and a beta of 0.61.

Haivision Systems (TSE:HAI) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.03 EPS for the quarter. Haivision Systems had a return on equity of 4.17% and a net margin of 2.78%. The company had revenue of C$34.17 million for the quarter. As a group, sell-side analysts predict that Haivision Systems will post 0.3403168 EPS for the current year.

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.