Haivision Systems (TSE:HAI) Trading Down 12.2% – Should You Sell?

Shares of Haivision Systems Inc. (TSE:HAI) traded down 12.2% during trading on Friday . The stock traded as low as C$7.82 and last traded at C$8.47. 189,182 shares changed hands during trading, an increase of 117% from the average session volume of 87,050 shares. The stock had previously closed at C$9.65.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on shares of Haivision Systems from C$8.00 to C$12.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Haivision Systems presently has a consensus rating of “Buy” and an average price target of C$7.38.

Haivision Systems Stock Down 17.1%

The firm’s 50 day moving average price is C$8.28 and its two-hundred day moving average price is C$6.21. The firm has a market capitalization of C$217.54 million, a PE ratio of -139.60 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 1.57 and a debt-to-equity ratio of 11.46.

Haivision Systems (TSE:HAI) last released its quarterly earnings results on Thursday, March 12th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$35.23 million for the quarter. Haivision Systems had a return on equity of 1.08% and a net margin of 0.70%. As a group, research analysts forecast that Haivision Systems Inc. will post 0.2613948 EPS for the current fiscal year.

Haivision Systems Company Profile

Haivision is a leading global provider of mission-critical, real-time video streaming and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision making. We provide high quality, low latency, secure, and reliable live video at a global scale. Haivision open sourced its award-winning SRT low latency video streaming protocol and founded the SRT Alliance to support its adoption.