Haivision Systems (TSE:HAI) Downgraded by Acumen Capital to Hold

Haivision Systems (TSE:HAI) was downgraded by research analysts at Acumen Capital from a “buy” rating to a “hold” rating in a research note issued on Thursday,BayStreet.CA reports. They presently have a C$5.25 price target on the stock, down from their prior price target of C$7.00. Acumen Capital’s price objective suggests a potential upside of 15.13% from the company’s current price.

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

Haivision Systems Price Performance

Shares of TSE HAI traded down C$0.80 during mid-day trading on Thursday, reaching C$4.56. 513,506 shares of the company were exchanged, compared to its average volume of 78,952. The stock has a market capitalization of C$130.19 million, a PE ratio of 25.33 and a beta of 0.58. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 14.02. Haivision Systems has a 52 week low of C$3.92 and a 52 week high of C$7.00. The company’s 50 day moving average price is C$5.24 and its 200 day moving average price is C$4.94.

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.