Haivision Systems (TSE:HAI) PT Raised to C$8.50

Haivision Systems (TSE:HAI) had its target price raised by Canaccord Genuity Group from C$7.00 to C$8.50 in a research report released on Wednesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Separately, Acumen Capital dropped their price objective on shares of 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

Shares of HAI stock opened at C$6.62 on Wednesday. The firm’s 50 day moving average price is C$4.53 and its 200-day moving average price is C$4.66. The company has a debt-to-equity ratio of 12.44, a quick ratio of 0.85 and a current ratio of 1.75. Haivision Systems has a one year low of C$3.31 and a one year high of C$6.64. The firm has a market cap of C$191.78 million, a P/E ratio of 50.92 and a beta of 0.59.

Haivision Systems (TSE:HAI) last announced its earnings results on Wednesday, June 12th. The company reported C$0.03 earnings per share for the quarter. Haivision Systems had a net margin of 2.78% and a return on equity of 4.17%. The firm had revenue of C$34.17 million for the quarter. As a group, equities research analysts predict that Haivision Systems will post 0.3300432 EPS for the current year.

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.