Haivision Systems (TSE:HAI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Haivision Systems (TSE:HAI) had its price objective increased by investment analysts at Canaccord Genuity Group from C$8.00 to C$12.00 in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 36.52% from the company’s previous close.

Haivision Systems Trading Down 2.7%

Shares of HAI stock opened at C$8.79 on Tuesday. The company has a 50-day simple moving average of C$6.46 and a two-hundred day simple moving average of C$5.47. The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.85 and a current ratio of 1.70. Haivision Systems has a 52-week low of C$3.67 and a 52-week high of C$9.11. The company has a market capitalization of C$239.03 million, a price-to-earnings ratio of -139.60 and a beta of 0.85.

Haivision Systems (TSE:HAI) last posted its quarterly earnings data on Wednesday, January 14th. The company reported C$0.11 earnings per share (EPS) for the quarter. Haivision Systems had a net margin of 3.63% and a return on equity of 4.96%. Research analysts anticipate that Haivision Systems will post 0.2613948 EPS for the current fiscal year.

Haivision Systems Company Profile

Haivision Systems Inc is a provider of infrastructure solutions for the video streaming market, servicing enterprises and governments globally. The organizations use company solutions to communicate, collaborate and educate customers and stakeholders. It delivers high quality, low latency, secure and reliable video through the entire IP video lifecycle, using a broad range of software, hardware, and services. Its geographical segments are Canada, International, and the United States, of which the majority of its revenue comes from the United States.