Canaccord Genuity Group Cuts Haivision Systems (TSE:HAI) Price Target to C$7.00

Haivision Systems (TSE:HAI) had its price objective reduced by Canaccord Genuity Group from C$8.50 to C$7.00 in a report released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Acumen Capital lowered their target price on shares of Haivision Systems from C$8.00 to C$7.60 and set a buy rating on the stock in a research note on Thursday, June 13th.

Haivision Systems Price Performance

Shares of TSE HAI opened at C$5.68 on Friday. The company has a 50 day moving average of C$4.85 and a 200 day moving average of C$4.75. The company has a quick ratio of 0.85, a current ratio of 1.75 and a debt-to-equity ratio of 12.44. Haivision Systems has a twelve month low of C$3.31 and a twelve month high of C$7.00. The firm has a market cap of C$164.55 million, a P/E ratio of 43.69 and a beta of 0.61.

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.