Haivision Systems (TSE:HAI) Stock Price Down 4.8% - Should You Sell?

Haivision Systems Inc. (TSE:HAI - Get Free Report) shares were down 4.8% during mid-day trading on Monday . The stock traded as low as C$3.73 and last traded at C$3.75. Approximately 22,496 shares traded hands during trading, a decline of 53% from the average daily volume of 47,370 shares. The stock had previously closed at C$3.94.

Analyst Upgrades and Downgrades

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

Haivision Systems Stock Up 6.8 %

The business's 50-day moving average price is C$4.53 and its 200-day moving average price is C$4.87. The firm has a market capitalization of C$115.62 million, a PE ratio of 25.29 and a beta of 0.58. The company has a quick ratio of 0.85, a current ratio of 1.70 and a debt-to-equity ratio of 10.61.

Insider Activity

In related news, Senior Officer Jean-Philippe Demers sold 8,000 shares of the company's stock in a transaction on Monday, January 20th. The shares were sold at an average price of C$4.80, for a total value of C$38,400.00. 40.74% of the stock is owned by corporate insiders.

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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.