Haivision Systems (TSE:HAI) Lowered to "Hold" Rating by Acumen Capital

Haivision Systems (TSE:HAI - Get Free Report) was downgraded by equities researchers at Acumen Capital from a "buy" rating to a "hold" rating in a note issued to investors on Thursday,BayStreet.CA reports. They currently have a C$5.25 price objective on the stock, down from their prior price objective of C$7.00. Acumen Capital's target price points to a potential upside of 6.71% from the company's current price.

Separately, Canaccord Genuity Group cut shares of Haivision Systems from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$7.00 to C$5.50 in a report on Thursday.

Haivision Systems Stock Up 4.7 %

Shares of HAI traded up C$0.22 during midday trading on Thursday, hitting C$4.92. The company had a trading volume of 98,333 shares, compared to its average volume of 83,735. Haivision Systems has a 1 year low of C$3.92 and a 1 year high of C$7.00. The firm has a market capitalization of C$140.47 million, a P/E ratio of 27.33 and a beta of 0.58. The company has a debt-to-equity ratio of 14.02, a quick ratio of 0.85 and a current ratio of 1.72. The company's 50-day simple moving average is C$5.23 and its 200-day simple moving average is C$4.95.

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.