Canaccord Genuity Group Raises Haivision Systems (TSE:HAI) Price Target to C$8.50

Haivision Systems (TSE:HAI) had its price target lifted by Canaccord Genuity Group from C$7.00 to C$8.50 in a report published on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

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

Haivision Systems Trading Up 2.3 %

HAI opened at C$6.55 on Wednesday. The stock has a market capitalization of C$189.75 million, a price-to-earnings ratio of 50.38 and a beta of 0.59. 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$6.85. The company has a 50-day simple moving average of C$4.63 and a 200 day simple moving average of C$4.69.

Haivision Systems (TSE:HAI) last issued its quarterly earnings results on Wednesday, June 12th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$34.17 million during the quarter. Haivision Systems had a net margin of 2.78% and a return on equity of 4.17%. Analysts predict that Haivision Systems will post 0.3300432 EPS for the current fiscal year.

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.