Haivision Systems (TSE:HAI) Shares Down 0.2% – Here’s What Happened

Haivision Systems Inc. (TSE:HAI)’s stock price was down 0.2% on Tuesday . The stock traded as low as C$5.00 and last traded at C$5.10. Approximately 13,703 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 76,360 shares. The stock had previously closed at C$5.11.

Analysts Set New Price Targets

Several analysts have recently weighed in on HAI shares. Acumen Capital cut shares of Haivision Systems from a “buy” rating to a “hold” rating and dropped their price target for the company from C$7.00 to C$5.25 in a research note on Thursday, January 16th. Canaccord Genuity Group lowered Haivision Systems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$7.00 to C$5.50 in a research report on Thursday, January 16th.

Haivision Systems Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 14.02. The company has a market cap of C$145.61 million, a price-to-earnings ratio of 28.33 and a beta of 0.58. The stock’s 50-day simple moving average is C$5.21 and its 200 day simple moving average is C$5.05.

Insider Transactions at Haivision Systems

In other Haivision Systems news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the company’s stock in a transaction on Monday, January 20th. The stock was sold at an average price of C$4.80, for a total transaction of C$38,400.00. Company insiders own 40.74% of the company’s stock.

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.