Haivision Systems (TSE:HAI) Hits New 52-Week Low - Should You Sell?

Haivision Systems Inc. (TSE:HAI - Get Free Report) 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 changing hands. The stock had previously closed at C$3.94.

Analyst Ratings Changes

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

Haivision Systems Price Performance

The stock has a fifty day simple moving average of C$4.53 and a 200-day simple moving average of C$4.87. The stock has a market cap of C$115.62 million, a price-to-earnings ratio of 25.29 and a beta of 0.58. The company has a current ratio of 1.70, a quick ratio of 0.85 and a debt-to-equity ratio of 10.61.

Insider Activity

In other news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the business'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. Corporate insiders own 40.74% of the company's stock.

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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.