Haivision Systems (TSE:HAI) Reaches New 52-Week Low – Here’s What Happened

Haivision Systems Inc. (TSE:HAI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$3.73 and last traded at C$3.75, with a volume of 17595 shares. The stock had previously closed at C$3.94.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HAI shares. Acumen Capital lowered shares of Haivision Systems from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$7.00 to C$5.25 in a research report on Thursday, January 16th. Canaccord Genuity Group cut shares of Haivision Systems from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$7.00 to C$5.50 in a research note on Thursday, January 16th. Finally, Paradigm Capital dropped their price target on shares of Haivision Systems from C$5.75 to C$5.25 and set a “buy” rating on the stock in a research note on Monday, March 17th.

Haivision Systems Stock Down 4.8 %

The company has a debt-to-equity ratio of 10.61, a quick ratio of 0.85 and a current ratio of 1.70. The firm has a market capitalization of C$106.27 million, a price-to-earnings ratio of 23.25 and a beta of 0.58. The firm has a fifty day moving average price of C$4.67 and a 200 day moving average price of C$4.93.

Insider Buying and Selling at Haivision Systems

In other Haivision Systems news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the stock in a transaction dated Monday, January 20th. The shares were sold at an average price of C$4.80, for a total value of C$38,400.00. 40.74% of the stock is owned by corporate insiders.

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.